| Schedule of Computations of Net Income Per Basic and Diluted Share |
Computations of net income per basic and diluted share (in thousands, except share and per share data) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Net income | | $ | 43,852 | | | $ | 26,024 | | | $ | 76,661 | | | $ | 57,101 | | | Preferred stock dividends | | (3,187) | | (878) | | (5,841) | | (1,659) | | Distribution to participating securities | | (1,150) | | (758) | | (2,133) | | (1,505) | | Net income attributable to common stockholders used to compute net income per share (basic) | | 39,515 | | | 24,388 | | | 68,687 | | | 53,937 | | | Cash and non-cash interest on Exchangeable Notes | | 1,150 | | | — | | | 1,150 | | | — | | | Net income attributable to common stockholders used to compute net income per share (diluted) | | $ | 40,665 | | | $ | 24,388 | | | $ | 69,837 | | | $ | 53,937 | | | | | | | | | | | | Weighted-average common shares outstanding: | | | | | | | | | | Basic | | 28,443,143 | | 27,924,092 | | 28,218,773 | | 28,098,850 | | Restricted stock and RSUs | | 529,228 | | 393,601 | | 502,400 | | 353,261 | | Dilutive effect of Exchangeable Notes | | 1,019,877 | | — | | 512,756 | | — | | Diluted | | 29,992,248 | | 28,317,693 | | 29,233,929 | — | 28,452,111 | | Net income attributable to common stockholders per share: | | | | | | | | | | Basic | | $ | 1.39 | | | $ | 0.87 | | | $ | 2.43 | | | $ | 1.92 | | | Diluted | | $ | 1.36 | | | $ | 0.86 | | | $ | 2.39 | | | $ | 1.90 | |
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