v3.26.3
(Loss) Income Per Common Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
(Loss) Income Per Common Share (Loss) Income Per Common Share
The following table sets forth the computation of basic and diluted (loss) income per common share (in thousands, except per share data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
Basic (loss) income per common share2026202520262025
Net (loss) income$(7,926)$6,502 $(20,019)$7,342 
Net loss (income) allocated to participating securities10 (7)23 (9)
Net (loss) income allocated to common stockholders$(7,916)$6,495 $(19,996)$7,333 
Basic weighted-average common shares outstanding48,71847,23348,44744,605
Basic (loss) income per common share$(0.16)$0.14 $(0.41)$0.16 
Three Months Ended
September 30,
Nine Months Ended
September 30,
Diluted (loss) income per common share2026202520262025
Net (loss) income$(7,926)$6,502 $(20,019)$7,342 
Net loss (income) allocated to participating securities10 (7)23 (8)
Net (loss) income allocated to common stockholders$(7,916)$6,495 $(19,996)$7,334 
Basic weighted-average common shares outstanding48,71847,23348,44744,605
Effect of dilutive stock options and awards—1,542—1,388
Diluted weighted-average common shares outstanding48,71848,77548,44745,993
Diluted (loss) income per common share$(0.16)$0.13 $(0.41)$0.16 
We excluded stock options and awards from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three and nine months ended September 30, 2026 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive to the net loss. For the three and nine months ended September 30, 2025 9,000 and 3,000 potential common shares, respectively, related to stock options and awards were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding.