| Earnings (Loss) per Share |
Earnings (Loss) per ShareThe following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2026 and 2025 (dollars in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (unaudited) | | (unaudited) | | Numerator: | | | | | | | | | Net earnings (loss) | $ | 20,913 | | | $ | (45,117) | | | $ | (39,751) | | | $ | (34,445) | | | Numerator for basic and dilutive earnings (loss) per share | $ | 20,913 | | | $ | (45,117) | | | $ | (39,751) | | | $ | (34,445) | | | Denominator: | | | | | | | | | Weighted average shares outstanding, basic | 58,202,474 | | | 56,552,741 | | | 57,975,499 | | | 56,133,918 | | | Effect of dilutive securities: | | | | | | | | | Stock options and stock awards | 1,268,547 | | | — | | | — | | | — | | | Weighted average shares outstanding, diluted | 59,471,021 | | | 56,552,741 | | | 57,975,499 | | | 56,133,918 | | | | | | | | | | | Earnings (loss) per share, basic | $ | 0.36 | | | $ | (0.80) | | | $ | (0.69) | | | $ | (0.61) | | | Earnings (loss) per share, diluted | $ | 0.35 | | | $ | (0.80) | | | $ | (0.69) | | | $ | (0.61) | |
The following table sets forth the common stock equivalents of outstanding stock-based awards excluded in the calculation of diluted earnings (loss) per share, because the vesting conditions have not been met as of the end of the reporting period or their inclusion would be anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (unaudited) | | (unaudited) | | Stock options and stock awards | 496,023 | | | 647,044 | | | 7,449,141 | | | 743,145 | |
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