Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Computation of Basic and Diluted Earnings Per Share

The 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)

Schedule of Common Stock Equivalents Excluded in the Calculation of Diluted Earnings Per Share

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