v3.26.1
Equity and EPS
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity and EPS Equity and EPS
The following table presents computations of basic and diluted EPS:
Quarter Ended June 30,Year to Date Ended June 30,
2026202520262025
Operations:
Net income (loss)(a)
$12,009 $14,427 $(122,798)$11,370 
Attributable to noncontrolling interest
— (1)3 32 
Attributable to participating securities (unvested shares and units)(b)
(155)(159)(68)(127)
Net income (loss) used in EPS calculation$11,854 $14,267 $(122,863)$11,275 
Share information:
Basic weighted average common shares(c)
21,433,066 21,360,984 21,411,374 21,351,809 
Diluted weighted average common shares(d)
21,433,066 21,360,984 21,411,374 21,351,809 
Basic EPS$0.55 $0.67 $(5.74)$0.53 
Diluted EPS$0.55 $0.67 $(5.74)$0.53 
(a)Net income attributable to all stockholders.
(b)Participating securities included 280,492 and 222,462 unvested restricted stock units (“RSUs”) at June 30, 2026 and 2025, respectively.
(c)Under the two-class method, basic weighted average common shares exclude unvested participating securities.
(d)The impacts of the Convertible Senior Notes and stock options were included in the diluted weighted average common shares if the inclusion was dilutive. The Convertible Senior Notes would only have a dilutive impact if the average market price per share during the quarter and year to date period exceeds the conversion price of $96.24 per share.

Share Repurchase. On February 29, 2024, the Company announced that its Board of Directors approved a $100,000 share repurchase program. Under the share repurchase program, the Company can repurchase stock from time to time for cash in open market purchases, privately negotiated transactions, or by other means, in accordance with applicable securities laws and other legal requirements. The repurchase program has no expiration date and may be modified, suspended, or discontinued at any time by the Company without prior notice. During the quarters and year to dates ended June 30, 2026 and 2025, the Company repurchased no shares under the share repurchase program. As of June 30, 2026, there was approximately $53,412 remaining under the share repurchase program.

Common Stock Share Activity. The following table presents the Company’s share activity:
Shares Outstanding
Capital Stock PreferredCommon Stock
Balance, December 31, 2025437 21,294,315 
Issuance of Common Stock— 109,225 
Repurchase of Common Stock (a)
— (34,415)
Balance, March 31, 2026437 21,369,125 
Issuance of Common Stock— 42,719 
Balance, June 30, 2026437 21,411,844 

Shares Outstanding
Capital Stock PreferredCommon Stock
Balance, December 31, 2024437 21,194,707 
Issuance of Common Stock— 107,267 
Repurchase of Common Stock (a)
— (31,631)
Balance, March 31, 2025437 21,270,343 
Issuance of Common Stock— 21,099 
Balance, June 30, 2025437 21,291,442 
(a)The Common Stock repurchases were for tax withholding on equity-based compensation.