| Schedule of Earnings Per Share |
Earnings per Share (EPS)
EPS for the quarters and six months ended June 30, 2026 and 2025 are computed as follows: | | | | | | | | | | For the Quarters Ended | | June 30, 2026 | June 30, 2025 | | (dollars in thousands, except share and per share data) | | Numerator: | | | | Net income (loss) available to common shareholders — Basic | $ | (4,012) | | $ | 14,024 | | | Effect of dilutive securities: | — | | — | | | Net income available to common shareholders — Diluted | $ | (4,012) | | $ | 14,024 | | | | | | Denominator: | | | | Weighted average basic shares | 83,813,331 | | 81,408,087 | | | Effect of dilutive securities | — | | 1,192,021 | | | Weighted average dilutive shares | 83,813,331 | | 82,600,108 | | | | | | Net income (loss) per average share attributable to common stockholders — Basic | $ | (0.05) | | $ | 0.17 | | | Net income (loss) per average share attributable to common stockholders — Diluted | $ | (0.05) | | $ | 0.17 | |
| | | | | | | | | | For the Six Months Ended | | June 30, 2026 | June 30, 2025 | | (dollars in thousands, except share and per share data) | | Numerator: | | | | Net income (loss) available to common shareholders — Basic | $ | (69,019) | | $ | 159,964 | | | Effect of dilutive securities: | — | | — | | | Net income available to common shareholders — Diluted | $ | (69,019) | | $ | 159,964 | | | | | | Denominator: | | | | Weighted average basic shares | 83,739,672 | | 81,386,680 | | | Effect of dilutive securities | — | | 1,178,028 | | | Weighted average dilutive shares | 83,739,672 | | 82,564,708 | | | | | | Net income (loss) per average share attributable to common stockholders — Basic | $ | (0.82) | | $ | 1.97 | | | Net income (loss) per average share attributable to common stockholders — Diluted | $ | (0.82) | | $ | 1.94 | |
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