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Earnings (Loss) per Share | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in thousands, except share and per share data) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) |  | $ | 6,877 |  |  | $ | (31,025) |  |  | $ | 16,644 |  |  | $ | (57,464) |
Net income (loss) attributable to common stockholders |  | $ | 6,877 |  |  | $ | (31,025) |  |  | $ | 16,644 |  |  | $ | (57,464) |
Basic weighted-average common shares outstanding(1) |  | 46,571,524 |  |  | 39,816,996 |  |  | 46,037,084 |  |  | 39,358,936 |
Weighted average effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  | — |  |  | — |  |  | — |  |  | — |
Restricted stock units |  | 1,321,648 |  |  | — |  |  | 1,431,371 |  |  | — |
Diluted weighted-average common shares outstanding |  | 47,893,172 |  |  | 39,816,996 |  |  | 47,468,455 |  |  | 39,358,936 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.15 |  |  | $ | (0.78) |  |  | $ | 0.36 |  |  | $ | (1.46) |
Diluted |  | $ | 0.14 |  |  | $ | (0.78) |  |  | $ | 0.35 |  |  | $ | (1.46) |
(1) The fair value of the outstanding and exercisable 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 June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock options |  | 1,700,321 |  |  | 2,347,491 |  |  | 1,768,313 |  |  | 2,445,681 |
Restricted stock units |  | 1,241,225 |  |  | 4,058,597 |  |  | 1,248,514 |  |  | 3,842,349 |
Total anti-dilutive common share equivalents |  | 2,941,546 |  |  | 6,406,088 |  |  | 3,016,827 |  |  | 6,288,030 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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