
	Three Months Ended March 31,
		2026		2025
		(in thousands, except share and per share amounts)
Net (loss) income from continuing operations		$	(8,774)	$	10,988
Less: Dividends on Series A preferred shares		(1,969)		(1,969)
(Loss) income from continuing operations available to common shareholders		$	(10,743)	$	9,019
Loss from discontinued operations		(149)		(1,414)
Net (loss) income available to common shareholders		$	(10,892)	$	7,605

Weighted average common shares outstanding:
Basic		46,099,930		45,803,501
Dilutive potential common shares		—		13,855,574
Diluted		46,099,930		59,659,075

Net (loss) income per common share:
Basic
Continuing operations		$	(0.23)	$	0.20
Discontinued operations		$	—	$	(0.03)
		$	(0.23)	$	0.17
Diluted
Continuing operations		$	(0.23)	$	0.18
Discontinued operations		$	—	$	(0.02)
		$	(0.23)	$	0.16

For the three months ended March 31, 2026, due to the net loss from continuing operations, all potential common shares (including 871,874 related to outstanding RSUs and 13,521,634 related to outstanding Series A Preferred Shares) were anti-dilutive and excluded from the calculation of diluted earnings per common share. For the three months ended March 31, 2025, all potential common shares (including 333,940 related to outstanding RSUs and 13,521,634 related to outstanding Series A Preferred Shares) were dilutive and included in the calculation of diluted earnings per common share. The Company applies the if-converted method for the outstanding Series A Preferred Shares in the calculation of diluted earnings per share from continuing operations. If the Series A Preferred Shares are dilutive, the dividends on the Series A Preferred Shares are added back to income from continuing operations available to common shareholders in the numerator of the calculation and the additional common shares from an assumed conversion of the Series A Preferred Shares are added in the denominator of the calculation.