The following table (in thousands, except per share amounts) sets forth the computation of basic earnings (loss) per share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Basic earnings per common share: | | | | | | | | | Net income (loss) - basic | $ | (4,497) | | | $ | 23,884 | | | $ | (29,053) | | | $ | 42,111 | | | Weighted average shares outstanding - basic | 47,145 | | | 43,007 | | | 46,937 | | | 42,869 | | | Basic earnings (loss) per common share | $ | (0.10) | | | $ | 0.56 | | | $ | (0.62) | | | $ | 0.98 | |
The following table (in thousands, except per share amounts) sets forth the computation of diluted net income (loss) per share: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Diluted earnings per common share: | | | | | | | | | Net income (loss) - diluted | $ | (4,497) | | | $ | 23,884 | | | $ | (29,053) | | | $ | 42,111 | | | | | | | | | | | Weighted average shares outstanding - basic | 47,145 | | | 43,007 | | | 46,937 | | | 42,869 | | | Add: Dilutive effects of Restricted Stock Units | — | | | 427 | | | — | | | 418 | | | Weighted average shares outstanding - diluted | 47,145 | | | 43,434 | | | 46,937 | | | 43,287 | | | | | | | | | | | Diluted net income (loss) per share | $ | (0.10) | | | $ | 0.55 | | | $ | (0.62) | | | $ | 0.97 | |
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