v3.26.1
COMMON STOCK AND EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
COMMON STOCK AND EARNINGS PER SHARE

NOTE 12. COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders during the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.

The following is a reconciliation of basic and diluted earnings per common share for each of the periods presented (in thousands, except share and per share data):

Three Months Ended
June 30,

Six Months Ended
June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Basic and Diluted Earnings:

Net Income (Loss) Attributable to Common Stockholders

$

13,234

$

(25,296)

$

17,561

$

(24,913)

Basic and Diluted Shares:

Weighted Average Shares Outstanding, Basic

34,988,612

32,678,771

33,760,706

32,118,982

Common Shares Applicable to Unvested Restricted Stock Using the Treasury Stock Method

36,030

49,060

27,637

55,592

Weighted Average Shares Outstanding, Diluted

35,024,642

32,727,831

33,788,343

32,174,574

Per Share Information:

Net Income (Loss) Attributable to Common Stockholders

Basic and Diluted

$

0.38

$

(0.77)

$

0.52

$

(0.78)

 

 

There were 36,030 and 27,637 potentially dilutive shares related to the Company’s restricted stock for the three and six months ended June 30, 2026, respectively. There were 49,060 and 55,592 potentially dilutive shares related to the Company’s restricted stock for the three and six months ended June 30, 2025, respectively.