The following table summarizes the calculation of weighted average shares of common stock outstanding used in the computation of diluted earnings per share: | | | | | | | | | | | | | | | | | | | Net Income (Loss) | | Weighted Average Shares | | Earnings per Share | | | | | | | | (In thousands, except per share amounts) | | Three Months Ended June 30, 2026 | | | | | | Basic earnings per share | $ | 26,693 | | | 36,906 | | | $ | 0.72 | | | Effect of dilutive securities | | | | | | | Restricted stock units | — | | | 59 | | | | | Restricted stock awards | — | | | 35 | | | | Performance share units(1) | — | | | — | | | | | Stock options | — | | | 82 | | | | Diluted earnings per share(2) | $ | 26,693 | | | 37,082 | | | $ | 0.72 | | | Three Months Ended June 30, 2025 | | | | | | Basic earnings per share | $ | 19,558 | | | 36,661 | | | $ | 0.53 | | | Effect of dilutive securities | | | | | | | Restricted stock units | — | | | — | | | | | Restricted stock awards | — | | | 16 | | | | Performance share units(1) | — | | | — | | | | | Stock options | — | | | — | | | | Diluted earnings per share(2) | $ | 19,558 | | | 36,677 | | | $ | 0.53 | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | Basic earnings per share | $ | 45,363 | | | 36,838 | | | $ | 1.23 | | | Effect of dilutive securities | | | | | | | Restricted stock units | — | | | 89 | | | | | Restricted stock awards | — | | | 34 | | | | Performance share units(1) | — | | | — | | | | | Stock options | — | | | 87 | | | | Diluted earnings per share(2) | $ | 45,363 | | | 37,048 | | | $ | 1.22 | | | Six Months Ended June 30, 2025 | | | | | | Basic earnings per share | $ | 32,607 | | | 36,850 | | | $ | 0.88 | | | Effect of dilutive securities | | | | | | | Restricted stock units | — | | | 22 | | | | | Restricted stock awards | — | | | 12 | | | | Performance share units(1) | — | | | — | | | | | Stock options | — | | | — | | | | Diluted earnings per share(2) | $ | 32,607 | | | 36,884 | | | $ | 0.88 | |
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(1)The performance share unit awards are contingently issuable and are considered in the calculation of diluted earnings per share. The Company assesses the number of awards that would be issuable, if any, under the terms of the agreement if the end of the reporting period were the end of the contingency period. (2)Incremental shares are excluded if their effect is antidilutive under the treasury stock method. The incremental shares of deferred stock units were excluded for the three and six months ended June 30, 2026 as their effect was antidilutive under the treasury stock method.
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