v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

 

Three Months

 

 

Six Months

 

 

Ended June 30,

 

 

Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerators  Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(1,304

)

 

$

46,504

 

 

$

(366

)

 

$

49,589

 

Earnings attributable to unvested shares

 

(217

)

 

 

(386

)

 

 

(217

)

 

 

(386

)

Net (loss) income after allocation to participating securities

$

(1,521

)

 

$

46,118

 

 

$

(583

)

 

$

49,203

 

Denominators  Number of Shares

 

 

 

 

 

 

 

 

 

 

 

Basic and DilutedAverage shares outstanding

 

52,475

 

 

 

52,445

 

 

 

52,471

 

 

 

52,440

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.03

)

 

$

0.88

 

 

$

(0.01

)

 

$

0.94

 

Diluted

$

(0.03

)

 

$

0.88

 

 

$

(0.01

)

 

$

0.94