v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net (loss) income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

 

Three Months

 

 

Ended March 31,

 

 

2025

 

 

2024

 

Numerators – Basic and Diluted

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

Net income (loss)

$

3,085

 

 

$

(32,983

)

Preferred dividends

 

—

 

 

 

(2,789

)

Earnings attributable to unvested shares

 

(15

)

 

 

(131

)

Net income (loss) attributable to common shareholders after
   allocation to participating securities

 

3,070

 

 

 

(35,903

)

Discontinued Operations:

 

 

 

 

 

Income from discontinued operations

 

—

 

 

 

9,431

 

Total

$

3,070

 

 

$

(26,472

)

Denominators – Number of Shares

 

 

 

 

 

Basic and Diluted —Average shares outstanding

 

52,436

 

 

 

52,355

 

 

 

 

 

 

Basic and Diluted Earnings Per Share

 

 

 

 

 

From continuing operations

$

0.06

 

 

$

(0.69

)

From discontinued operations

 

—

 

 

 

0.18

 

Total

$

0.06

 

 

$

(0.51

)