Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Summary of Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows for the three-month periods ended March 31, 2024 and 2023:

	Three Months Ended March 31,
(In Thousands, Except Share Data)	2024				2023
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	13,502	$	13,502	$	694	$	694
Weighted-average common shares outstanding	25,274,941		25,274,941		25,220,437		25,220,437
Add dilutive effect of restricted stock unit awards	—		559,362		—		279,678
Add dilutive effect of stock options	—		191		—		—
Weighted-average common shares outstanding	25,274,941		25,834,494		25,220,437		25,500,115
Earnings (loss) per common share	$	0.53	$	0.52	$	0.03	$	0.03
Awards excluded from diluted earnings per share calculation(1)	—		751,040		—		737,629

(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.