Quarterly report [Sections 13 or 15(d)]

Earnings per Share (Tables)

v3.25.2
Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows:

Three Months Ended June 30,
Six Months Ended June 30,
(in thousands, except per share amounts)
 2025 2024 2025 2024
Weighted average common shares outstanding, used in computing basic earnings (loss) per share
 54,777  59,093  55,253  59,458 
Effect of dilutive stock options and restricted stock units —  —  142  145 
Weighted average common shares outstanding, used in computing diluted earnings (loss) per share
 54,777  59,093  55,395  59,603 
Earnings (loss) per share:
Basic $ (0.19) $ (0.20) $ 0.58  $ 0.51 
Diluted $ (0.19) $ (0.20) $ 0.58  $ 0.51 
Weighted average common shares excluded (1)
2,929  2,969  2,230  2,029 
(1) Common stock related to stock options, time-based restricted stock units, market-based restricted stock units, and performance-based restricted stock units were outstanding but were excluded from the computation of diluted EPS because their effect would be anti-dilutive under the treasury stock method or because the shares were subject to performance conditions that had not been met.