Basic earnings per share of Company Common Stock is calculated by dividing the net income attributable to the Company during the period by the weighted average number of shares of Company Common Stock outstanding during the same period. Diluted earnings per share, if dilutive, includes the incremental effect of issuable shares from stock awards, as determined using the treasury stock method.

The following table summarizes the basic and diluted earnings per share calculations (in thousands, except share and per share amounts):


	Three months ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net income (loss)	$	26,286	$	39,228	$	34,646	$	69,330
Denominator:
Basic weighted average number of shares outstanding		69,956,631		68,814,125		69,233,744		69,014,146
Dilutive effect of equity awards		695,952		451,175		699,133		290,924
Diluted weighted average number of shares		70,652,583		69,265,300		69,932,877		69,305,070
Income (loss) per share:
Basic	$	0.38	$	0.57	$	0.50	$	1.00
Diluted	$	0.37	$	0.57	$	0.50	$	1.00
Potentially dilutive shares excluded as anti-dilutive		28,791		6,490		31,091		12,715