v3.26.1
Earnings (Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings per Share

The following table summarizes the basic and diluted earnings per share calculations:

 

 

Quarter ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands except per share amounts)

 

Net income

 

$

24,616

 

 

$

9,680

 

Dividends on preferred shares

 

 

(10,455

)

 

 

(10,455

)

Effect of participating securities—share-based compensation awards

 

 

(13

)

 

 

(39

)

Net income attributable to common shareholders

 

$

14,148

 

 

$

(814

)

Weighted average basic and diluted shares outstanding

 

 

87,082

 

 

 

86,907

 

Basic earnings (losses) per share

 

$

0.16

 

 

$

(0.01

)

Diluted earnings (losses) per share

 

$

0.16

 

 

$

(0.01

)

 

Calculation of diluted earnings per share 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 diluted earnings per share calculation
Summary of Potentially Dilutive Shares Excluded from Computation of Diluted Earnings Per Share The following table summarizes the potentially dilutive shares excluded from the diluted earnings per share calculation:

 

 

 

Quarter ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Shares issuable under share-based compensation plan

 

 

461

 

 

 

312