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Net Income (Loss) Per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The table below provides a reconciliation of the numerators and denominators of basic and diluted net income (loss) per share for the three months ended March 31, 2024 and 2023 (in thousands, except per share amounts):
Three Months Ended
March 31,
20242023
Numerators:
Net income (loss)$(13,374)$2,158 
Less: Income attributable to unvested restricted stock awards— (42)
Numerator for basic net income (loss) per share(13,374)2,116 
Effect of dilutive securities:
Unvested restricted stock awards— — 
Numerator for diluted net income (loss) per share$(13,374)$2,116 
Denominators:
Weighted average number of common shares outstanding63,883 64,068 
Less: Weighted average number of unvested restricted stock awards outstanding(1,380)(1,243)
Denominator for basic net income (loss) per share62,503 62,825 
Effect of dilutive securities:
Performance share units— 247 
Denominator for diluted net income (loss) per share62,503 63,072 
Net income (loss) per share:
Basic$(0.21)$0.03 
Diluted(0.21)0.03 
The calculation of diluted earnings per share for the three months ended March 31, 2024 and 2023 excluded 122 thousand shares and 209 thousand shares, respectively, issuable pursuant to outstanding stock options, due to their antidilutive effect. Additionally, shares issuable upon conversion of the 2026 Notes were excluded due to, among other factors, the Company’s share price.