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(Loss) Earnings Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share, Basic [Abstract]  
(Loss) Earnings Per Share (Loss) Earnings Per Share
The Company reports earnings or loss per share in accordance with ASC 260, “Earnings Per Share,” which establishes standards for computing and presenting earnings or loss per share. Basic earnings or loss per share is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings or loss per share is computed by dividing net income or loss available to common shareholders by the weighted-average number of common shares and dilutive common share equivalents outstanding during the period. Potential common share equivalents consist of restricted stock awards (including performance stock units) and the incremental common shares issuable upon the exercise of stock options, stock issuable upon conversion of convertible debt securities and certain contingent consideration earnouts. The dilutive effects of restricted stock awards and stock options are reflected in diluted earnings or loss per share by application of the treasury stock method. The dilutive effect of shares issuable upon conversion of the convertible debt securities are included in the calculation of diluted earnings or loss per share under the if-converted method, while contingent consideration is considered dilutive when the conditions for issuance are met at the end of the reporting period.
In periods where the Company is in a net loss position, diluted loss per share is the same as basic loss per share, as the effects of common stock equivalents outstanding, shares issuable upon conversion of convertible debt securities and shares issuable from certain contingent consideration earnouts, are antidilutive and therefore excluded from the calculation of diluted loss per share.
A reconciliation of basic and diluted weighted average shares outstanding is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(Amounts in thousands, except per share data)
Numerator:
Net (loss) income$(38,432)$14,911 $(25,091)$35,607 
Denominator:
Weighted average shares used in computing net (loss) income per share – basic56,558 56,265 56,445 56,208 
Effect of dilutive shares:
Options, stock units and performance stock units— 267 — 312 
Dilutive potential common shares— 267 — 312 
Denominator for diluted (loss) earnings per share - adjusted weighted average shares used in computing (loss) earnings per share - diluted56,55856,53256,44556,520
(Loss) earnings per share:
Basic$(0.68)$0.27 $(0.44)$0.63 
Diluted$(0.68)$0.26 $(0.44)$0.63 
The Company has excluded the following potential common shares from the computation of diluted earnings or loss per share, as the inclusion would be anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(Amounts in thousands)
Options, stock units and performance stock units957 653 957 611 
Total957 653 957 611 
Potentially dilutive shares from the Company’s 2023 Notes were excluded from the calculation of diluted earnings per share during the three and nine months ended September 30, 2026, and 2025, as the inclusion would be anti-dilutive.