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 |
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(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..
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