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Net Income (Loss) per Common Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share

2. Net Income (Loss) per Common Share

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(In Thousands, Except Per Share Amounts)

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

19,685

 

 

$

(1,640

)

Numerator for basic and diluted net
  income (loss) per common share

 

$

19,685

 

 

$

(1,640

)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic net income (loss) per
    common share - adjusted weighted-average shares

 

 

72,077

 

 

 

71,837

 

Effect of dilutive securities:

 

 

 

 

 

 

Unvested restricted stock and stock units

 

 

988

 

 

 

 

Dilutive potential common shares

 

 

988

 

 

 

 

Denominator for diluted net income (loss) per
    common share - adjusted weighted-average shares

 

 

73,065

 

 

 

71,837

 

 

 

 

 

 

 

 

Basic net income (loss) per common share

 

$

0.27

 

 

$

(0.02

)

 

 

 

 

 

 

 

Diluted net income (loss) per common share

 

$

0.27

 

 

$

(0.02

)

 

The following securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:

 

 

Three Months Ended March 31,

 

 

2026

 

2025

 

 

 

 

 

Restricted stock and stock units

 

263,446

 

2,030,647

 

263,446

 

2,030,647