Earnings per Common Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

The following table presents the calculations of earnings per common share ("EPS") on a basic and diluted basis:

	Quarter ended June 30,			Six Months ended June 30,
(in thousands, except per share amounts)	2024		2023	2024		2023
Net income (loss) available to common stockholders:	$	(65,619)	56,308	$	14,599	146,582
Weighted average common shares outstanding:
Weighted average common shares outstanding - basic	60,897		60,614	60,862		60,575
Effect of dilutive securities - stock compensation plans	—		323	382		343
Weighted average common shares outstanding - diluted	60,897		60,937	61,244		60,918
EPS:
Basic	$	(1.08)	0.93	$	0.24	2.42
Diluted	(1.08)		0.92	0.24		2.41

There were 0.4 million common stock equivalents related to our stock compensation plans in Second Quarter 2024 that were not included in the computation of diluted EPS, as we recorded a net loss available to common stockholders in the quarter and the effect of these items would have been anti-dilutive to our EPS computation.