
	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2026		2025		2026		2025
Basic net income (loss) per share:
Net income (loss)	$	4,482	$	(484,073)	$	(134)	$	(509,366)
Weighted average common shares outstanding	77,293		76,695		77,122		76,579

Basic net income (loss) per common share	$	0.06	$	(6.31)	$	—	$	(6.65)

Diluted net income (loss) per share:
Net income (loss)	$	4,482	$	(484,073)	$	(134)	$	(509,366)

Weighted average common shares outstanding — Basic	77,293		76,695		77,122		76,579
Effect of dilutive securities:
Stock options and restricted stock	875		—		—		—
Weighted average common shares for diluted earnings per share	78,168		76,695		77,122		76,579

Diluted net income (loss) per common share	$	0.06	$	(6.31)	$	—	$	(6.65)

Basic earnings per share is computed by dividing net income by the weighted-average common shares outstanding during the period. Diluted earnings per share is computed based on the weighted-average common shares outstanding plus the effect of dilutive potential common shares outstanding during the period calculated using the treasury stock method. Dilutive potential common shares include employee equity share options, non-vested shares, and similar equity instruments granted by the Company. Potential common share equivalents have been excluded where their inclusion would be anti-dilutive. For periods in which the Company generated a net loss, the Company does not include the potential impact of dilutive securities in diluted net loss per share, as the impact of these items is anti-dilutive.

Common stock of approximately 1.8 million and 1.5 million shares at June 30, 2026 and 2025, respectively, were not included in the computation of diluted net income and diluted net loss per share, respectively, because their effect would have been anti-dilutive.