Basic earnings per share ("EPS") is computed by dividing net income or loss attributed to common shares by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that may occur from awards issued pursuant to stock-based compensation plans.


	Three months ended June 30				Six months ended June 30
	2026		2025		2026		2025
Numerator:
Net income attributed to common shares - basic and diluted	$	1,369	$	95,942	$	6,553	$	102,734

Denominator:
Weighted average common shares outstanding - basic	77,955,027		77,591,538		77,944,558		77,577,831
Dilutive effect of unvested restricted shares	799,244		700,884		640,216		648,850
Weighted average common shares outstanding - diluted	78,754,271		78,292,422		78,584,774		78,226,681

Basic and diluted earnings per common share:
Net income per common share - basic	$	0.02	$	1.24	$	0.08	$	1.32
Net income per common share - diluted	$	0.02	$	1.23	$	0.08	$	1.31

The Company maintains an at-the-market equity offering program (the "ATM Program") through which the Company may sell from time to time up to an aggregate of $250.0 million of its common stock. In connection with the ATM Program, the Company may sell shares of its common stock to or through sales agents, or may enter into separate forward sale agreements with one of the agents, or one of their respective affiliates, as a forward purchaser. During the six months ended June 30, 2026 and 2025, no shares were issued under the ATM Program. As of June 30, 2026, $236.7 million of common stock remains available for issuance under the ATM Program.

The Company maintains a share repurchase program (the "SRP") of up to $150.0 million of the Company's outstanding shares of common stock. The SRP may be suspended or discontinued at any time, and does not obligate the Company to repurchase any dollar amount or particular amount of shares. As of June 30, 2026, the Company has not repurchased any common stock under the SRP.