The following table sets forth the computation of basic and diluted income per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income	$	24,346	$	43,262	$	26,343	$	60,008
Less: preferred dividends and accretion	15,908		14,788		31,445		29,231
Net income (loss) to common stockholders	$	8,438	$	28,474	$	(5,102)	$	30,777
Basic:
Weighted average shares	153,866		152,584		153,414		152,331
Income (loss) per share	$	0.05	$	0.19	$	(0.03)	$	0.20
Diluted:
Effect of restricted stock and performance awards	1,819		484		—		627
Weighted average shares	155,685		153,068		153,414		152,958
Income (loss) per share	$	0.05	$	0.19	$	(0.03)	$	0.20