Earnings per Share

9 Months Ended

Sep. 30, 2025

The following table summarizes the calculation of weighted average shares of common stock outstanding used in the computation of diluted earnings per share:


	Net Income (loss)		Weighted Average Shares	Earnings Per Share

	(In thousands, except per share amounts)
Three Months Ended September 30, 2025
Basic earnings per share	$	15,953	36,671	$	0.44
Effect of dilutive securities
Restricted stock units	—		22
Restricted stock awards	—		12
Performance share units(1)	—		—
Stock options	—		3
Diluted earnings per share(2)	$	15,953	36,708	$	0.43
Three Months Ended September 30, 2024
Basic earnings per share	$	25,484	37,134	$	0.69
Effect of dilutive securities
Restricted stock units	—		20
Restricted stock awards	—		12
Performance share units(1)	—		—
Stock options	—		14
Diluted earnings per share(2)	$	25,484	37,180	$	0.69

Nine Months Ended September 30, 2025
Basic earnings per share	$	48,560	36,789	$	1.32
Effect of dilutive securities
Restricted stock units	—		42
Restricted stock awards	—		17
Performance share units(1)	—		—
Stock options	—		—
Diluted earnings per share(2)	$	48,560	36,848	$	1.32
Nine Months Ended September 30, 2024
Basic earnings per share	$	45,403	37,087	$	1.22
Effect of dilutive securities
Restricted stock units	—		21
Restricted stock awards	—		26
Performance share units(1)	—		—
Stock options	—		16
Diluted earnings per share(2)	$	45,403	37,150	$	1.22

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(1)The performance share unit awards are contingently issuable and are considered in the calculation of diluted earnings per share. The Company assesses the number of awards that would be issuable, if any, under the terms of the agreement if the end of the reporting period were the end of the contingency period.

(2)Incremental shares are excluded if their effect is antidilutive under the treasury stock method.