Quarter ended June 30,

Six months ended June 30,

2026

2025

2026

2025

(in thousands except per share amounts)

Net income

$

30,919

$

7,534

$

55,535

$

17,214

Dividends on preferred shares

(10,455

)

(10,455

)

(20,910

)

(20,910

)

Effect of participating securities—share-based compensation awards

(13

)

(183

)

(25

)

(222

)

Net income attributable to common shareholders

$

20,451

$

(3,104

)

$

34,600

$

(3,918

)

Weighted average basic shares outstanding

87,202

87,012

87,142

86,960

Effect of dilutive securities - shares issuable under stock-based
   compensation plan

88

—

141

—

Weighted average diluted shares outstanding

87,290

87,012

87,283

86,960

Basic earnings (losses) per share

$

0.23

$

(0.04

)

$

0.40

$

(0.05

)

Diluted earnings (losses) per share

$

0.23

$

(0.04

)

$

0.40

$

(0.05

)