| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations for the three and six months ended June 30, 2025 and 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in thousands, except per share data) | | | | | | | | | | Net income (loss) | $ | 12,305 | | | $ | 4,540 | | | $ | 21,205 | | | $ | 3,385 | | | Shares: | | | | | | | | | Weighted average shares outstanding - basic | 101,985,784 | | | 101,651,511 | | | 101,898,636 | | | 101,699,126 | | | Weighted average diluted shares outstanding | — | | | — | | | — | | | 105,260 | | | Weighted average shares outstanding - diluted | 101,985,784 | | | 101,651,511 | | | 101,898,636 | | | 101,804,386 | | | Earnings per share: | | | | | | | | | Basic | $ | 0.12 | | | $ | 0.04 | | | $ | 0.21 | | | $ | 0.03 | | | Diluted | $ | 0.12 | | | $ | 0.04 | | | $ | 0.21 | | | $ | 0.03 | | | | | | | | | |
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