The following table reflects the calculations of basic and diluted (i) weighted-average common shares outstanding and (ii) net income (loss) per common share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | (in thousands, except for per share data) | | 2025 | | 2024 | | 2025 | | 2024 | | Net income (loss) | | $ | (582,572) | | | $ | 36,702 | | | $ | (601,409) | | | $ | (29,429) | | | Less: preferred stock dividends | | — | | | 303 | | | — | | | 652 | | | Net income (loss) available to common stockholders | | $ | (582,572) | | | $ | 36,399 | | | $ | (601,409) | | | $ | (30,081) | | | Weighted-average common shares outstanding: | | | | | | | | | | Basic | | 37,761 | | | 36,381 | | | 37,670 | | | 35,973 | | | Dilutive non-vested restricted stock awards | | — | | | 104 | | | — | | | — | | | | | | | | | | | | Dilutive non-vested share-settled performance share unit awards | | — | | | 12 | | | — | | | — | | | | | | | | | | | | Dilutive preferred stock | | — | | | 1,108 | | | — | | | — | | | Diluted | | 37,761 | | | 37,605 | | | 37,670 | | | 35,973 | | | Net income (loss) per common share: | | | | | | | | | | Basic | | $ | (15.43) | | | $ | 1.00 | | | $ | (15.97) | | | $ | (0.84) | | | Diluted | | $ | (15.43) | | | $ | 0.98 | | | $ | (15.97) | | | $ | (0.84) | | | | | | | | | | | Anti-dilutive weighted-average common shares outstanding(1): | | | | | | | | | | | | | | | | | | | Non-vested restricted stock awards | | 986 | | 157 | | 970 | | 268 | | Non-vested share-settled performance share unit awards | | — | | — | | 10 | | 10 | | Preferred stock | | — | | — | | — | | 1,169 |
_____________________________________________________________________________ (1)Shares excluded from the diluted net income (loss) per common share calculation because their effect would be anti-dilutive.
|