v3.25.1
Earnings Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three months ended March 31, 2025 and 2024:
 Three Months Ended March 31,
 20252024
BASIC  
Net income (loss) attributable to common shareholders$17,279 $(1,931)
Weighted-average number of common shares outstanding - basic
291,706,064 291,288,383 
 
Net income (loss) attributable to common shareholders - per common share basic$0.06 $(0.01)
DILUTED
Net income (loss) attributable to common shareholders - basic$17,279 $(1,931)
Weighted-average common shares outstanding - basic
291,706,064 291,288,383 
Effect of dilutive securities:
Unvested share-based payment awards592,207 — 
Weighted-average common shares outstanding - diluted
292,298,271 291,288,383 
Net income (loss) attributable to common shareholders - per common share diluted$0.06 $(0.01)
For amounts per common share, generally all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.
Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive:
 Three Months Ended March 31,
 20252024
Preferred shares - Series C
4,710,570 4,710,570