Earnings Per Share
The following table sets forth the components of the numerator and denominator for the computation of the basic and diluted earnings per share:
 Year Ended December 31,
 202520242023
(amounts in thousands, except per share data)
Numerator:
Net (loss) income attributable to common stockholders - Basic and Diluted$(94,852)$(14,556)$72,631 
Denominator:
Weighted average common shares - Basic32,409 33,379 35,158 
Effective of diluted shares:
Share-based awards— — 318 
Weighted average common shares - Diluteda
32,409 33,379 35,476 
Net (loss) income per share attributable to common stockholders - Basic$(2.93)$(0.44)$2.07 
Net (loss) income per share attributable to common stockholders - Diluted$(2.93)$(0.44)$2.05 
 
(a) For the years ended December 31, 2025 and 2024, the effect of diluted shares was not included in the weighted average share calculation due to the Company's net operating loss position.

The following table represents the share-based awards that could potentially dilute net (loss) income per share attributable to common stockholders in the future that were not included in the computation of diluted net (loss) income per share attributable to common stockholders because to do so would have been anti-dilutive for the periods presented.
Year Ended December 31,
202520242023
(amounts in thousands)
Share-based awards163 339 

Historical Timeline

Fiscal YearFiled
2025Mar 9, 2026Showing above
2024Mar 5, 2025
2023Feb 23, 2024
2022Feb 23, 2023
2020Feb 25, 2021
2019Mar 5, 2020
2018Mar 1, 2019
2016Mar 3, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.