v3.26.1
Net Income (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share NET INCOME (LOSS) PER COMMON SHARE
Please refer to Note 1 for information regarding the Company’s treatment of its preferred stock and stock awards in the calculation of its basic and diluted net income or loss per common share and to Note 7 for information regarding the Company’s stock award activity for the periods presented. The following table presents the computations of basic and diluted net income or loss per common share for the periods indicated:
Three Months EndedSix Months Ended
June 30,June 30,
($s in thousands)
2026202520262025
Weighted average number of common shares outstanding - basic222,220,145113,177,331211,213,396101,897,495
Incremental common shares-unvested RSUs387,604—340,835—
Incremental common shares-unvested PSUs995,847—924,866—
Weighted average number of common shares outstanding - diluted223,603,596113,177,331212,479,097101,897,495
Net income (loss) to common shareholders$178,143 $(16,286)$95,122 $(21,285)
Net income (loss) per common share-basic$0.80 $(0.14)$0.45 $(0.21)
Net income (loss) per common share-diluted$0.80 $(0.14)$0.45 $(0.21)
The calculation of diluted net loss per common share for the three and six months ended June 30, 2025 excludes unvested RSUs and PSUs of 687,571 and 651,200, respectively, which would have been anti-dilutive for the period.