Net Income (Loss) per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Net Income Per Common Share

The calculation of net income per common share for the three months ended March 31, 2024 and 2023 was as follows:

	Three Months Ended March 31,
(dollars and shares in thousands, except per share data)	2024		2023
Basic:
Net (loss) income	$	(338)	$	24,234
Average common shares outstanding	30,068		31,109
Basic net (loss) income per common share	$	(0.01)	$	0.78
Diluted:
Net (loss) income	$	(338)	$	24,234
Average common shares outstanding	30,068		31,109
Adjustment for common share equivalents	—		71
Average common shares outstanding-diluted	30,068		31,180
Diluted net (loss) income per common share	$	(0.01)	$	0.78
Anti-dilutive shares	58		3