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Earnings (Loss) per Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Earnings (Loss) per Share Basic and diluted earnings (loss) per share are calculated as follows:
|  | Three Months Ended March 31, |  |
(in thousands, except share and per share data) |  | 2025 |  | 2024 |  |  |  |
Net income (loss) |  | $ | 9,767 |  |  | $ | (26,439) |  |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | 9,767 |  |  | $ | (26,439) |  |  |  |  |
Basic weighted-average common shares outstanding(1) |  | 45,496,705 |  |  | 38,900,876 |  |  |  |  |
Weighted average effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  | — |  |  | — |  |  |  |  |
Restricted stock units |  | 1,541,094 |  |  | — |  |  |  |  |
Diluted weighted-average common shares outstanding |  | 47,037,799 |  |  | 38,900,876 |  |  |  |  |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.21 |  |  | $ | (0.68) |  |  |  |  |
Diluted |  | $ | 0.21 |  |  | $ | (0.68) |  |  |  |  |
(1) The fair value of the warrants issued with an exercise price of $0.01 are included in the Basic weighted-average common shares outstanding. See Note 10, Stockholders' Equity for additional information. The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Stock options |  | 1,836,305 |  |  | 2,543,871 |  |  |  |  |
Restricted stock units |  | 1,255,802 |  |  | 3,626,101 |  |  |  |  |
Total anti-dilutive common share equivalents |  | 3,092,107 |  |  | 6,169,972 |  |  |  |  |

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