We calculate basic earnings per common share using the two class method. We calculate diluted earnings per common share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares, together with the related impact on earnings, are considered when calculating diluted earnings per common share. The calculation of basic and diluted earnings per common share is as follows (amounts in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerators:
Net (loss) income	$	(66,339)	$	(58,414)	$	(153,392)	$	12,573
Income attributable to unvested participating securities	—		(2)		(12)		(74)
Net (loss) income used in calculating earnings per common share	$	(66,339)	$	(58,416)	$	(153,404)	$	12,499

Denominators:
Weighted average common shares outstanding - basic and diluted	73,480		51,197		71,355		49,444



Net (loss) income per common share - basic and diluted	$	(0.90)	$	(1.14)	$	(2.15)	$	0.25