Basic earnings per share of Company Common Stock is calculated by dividing the net income attributable to the Company during the period by the weighted average number of shares of Company Common Stock outstanding during the same period. Diluted earnings per share, if dilutive, includes the incremental effect of issuable shares from stock awards, as determined using the treasury stock method. For diluted net loss per share, the weighted-average number of shares of Company Common Stock is the same for basic net loss per share due to the fact that when a net loss exists, potentially dilutive securities are not included in the calculation when the impact is anti-dilutive.

The following table summarizes the basic and diluted earnings per share calculations (in thousands, except share and per share amounts):


	Three months ended March 31,
	2026			2025
Numerator:
Net income (loss)	$	(16,671	)	$	14,757
Denominator:
Basic weighted average number of shares outstanding		68,940,260			69,290,100
Dilutive effect of equity awards		—			187,419
Diluted weighted average number of shares		68,940,260			69,477,519
Income (loss) per share:
Basic	$	(0.24	)	$	0.21
Diluted	$	(0.24	)	$	0.21
Potentially dilutive shares excluded as anti-dilutive		801,446			2,484