Earnings per Share The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share: | | | | | | | | | | | | | | | | | | | Net Income (loss) | | Weighted Average Shares | | Earnings (Loss) Per Share | | (In thousands, except per share amounts) | | Year Ended December 31, 2025 | | | | | | | Basic earnings per share | $ | 70,203 | | | 36,773 | | | $1.91 | | Effect of dilutive securities | | | | | | | Restricted stock awards (1) | — | | | 29 | | | | | Restricted share units (1) | — | | | 63 | | | | | Performance share units (1) | — | | | 31 | | | | | Stock options (1) | — | | | 12 | | | | | Diluted earnings per share | $ | 70,203 | | | 36,908 | | | $1.90 | | Year Ended December 31, 2024 | | | | | | | Basic earnings per share | $ | 62,986 | | | 37,106 | | | $1.70 | | Effect of dilutive securities | | | | | | | Restricted stock awards (1) | — | | | 28 | | | | | Restricted share units (1) | — | | | 32 | | | | | Performance share units (1) | — | | | 11 | | | | | Stock options (1) | — | | | 11 | | | | | Diluted earnings per share | $ | 62,986 | | | 37,188 | | | $1.69 | | Year Ended December 31, 2023 | | | | | | | Basic earnings per share | $ | 60,857 | | | 36,939 | | | $1.65 | | Effect of dilutive securities | | | | | | | Restricted stock awards (1) | — | | | 19 | | | | | Restricted share units (1) | — | | | 120 | | | | | Performance share units (1) | — | | | 13 | | | | | Stock options (1) | — | | | 43 | | | | | Diluted earnings per share | $ | 60,857 | | | 37,134 | | | $1.64 |
____________________
(1)The incremental shares of potentially dilutive restricted stock awards, restricted stock units, performance share units and stock options were included as their effect was dilutive under the treasury stock method..
See Note 15 for discussion of the Company’s share-based compensation awards.
|