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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share (Loss) Earnings per Share
    The following table presents a reconciliation of the numerator and denominator of basic and diluted (loss) earnings per share:
Year Ended December 31,
202420232022
(Dollars in thousands, except per share amounts)
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income$(131,165)$(255,250)$382,962 
Denominator:
Weighted average common shares outstanding for basic calculation257,667,125 257,042,843 258,781,843 
Add: Effect of equity awards— — 9,385 
Weighted average common shares outstanding for diluted calculation257,667,125 257,042,843 258,791,228 
Basic (loss) earnings per share$(0.51)$(0.99)$1.48 
Diluted (loss) earnings per share$(0.51)$(0.99)$1.48 
    Basic (loss) earnings per share is calculated by dividing net (loss) income by the weighted average number of common shares outstanding, which included 545,151, 290,449 and 243,006 shares of participating securities in 2024, 2023 and 2022, respectively. Diluted (loss) earnings per share is calculated by dividing net (loss) income by the sum of the weighted average
number of common shares outstanding plus the additional common shares that would have been outstanding if potentially dilutive securities had been issued.
The weighted average common shares outstanding for the diluted (loss) earnings per share calculation for the years ended December 31, 2024 and 2023 excludes the dilutive effect of approximately 48,334 and 41,198 shares, respectively, primarily related to restricted stock units, as their inclusion would have been anti-dilutive due to the Company's net loss.
    Additionally, the weighted average common shares outstanding for the diluted (loss) earnings per share calculation excludes 5,056,264, 3,033,561 and 2,240,655 equivalent shares in 2024, 2023 and 2022, respectively, as their effect would have been anti-dilutive. See Note 14, "Stockholders' (Deficit) Equity" for details of the Company's common stock repurchases in 2024, 2023 and 2022.