Basic earnings per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average common shares outstanding for the period. Diluted earnings per share is computed by dividing the net income (loss) attributable to stockholders by the weighted-average number of shares and dilutive potential common shares during the period.


	THREE MONTHS ENDED MARCH 31,
	2026		2025
	(In thousands, except per share and share data)
Net income (loss) available to common shareholders	$	(8,763)	$	4,743
Basic weighted-average common shares outstanding	157,754,647		160,996,258
Basic earnings per common share	$	(0.06)	$	0.03

Diluted earnings per share
Net income (loss) available to common shares	$	(8,763)	$	4,743
Basic weighted-average common shares outstanding	157,754,647		160,996,258
Dilutive potential common shares	—		354,034
Diluted weighted-average common shares outstanding	157,754,647		161,350,292
Diluted earnings per common share	$	(0.06)	$	0.03

(a) For the three months ended March 31, 2026, the Company repurchased 5,814,484 shares of its common stock under the stock repurchase program authorized by the Company's Board of Directors on April 11, 2025. The program total authorizes the Company to repurchase up to $100,000 of its common stock.

(b) For the three months ended March 31, 2026, the Company excluded potentially dilutive securities from the calculation of diluted earnings per share that could potentially dilute earnings per share in the future because of the anti-dilutive effect of the reported net loss.