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Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted 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.

Schedule of Antidilutive Securities Excluded from Calculation of Diluted Weighted-Average Common Shares Outstanding

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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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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