The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share for the three and six months ended June 30, 2026, and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | (in thousands, except share data) | 2026 | | 2025 | | 2026 | | 2025 | | | | Numerator: | | | | | | | | | | Net (loss) income attributable to common stockholders | $ | (62,009) | | | $ | (16,964) | | | $ | (68,036) | | | $ | (27,579) | | | | | Dividends allocated to participating restricted stock units | (162) | | | (208) | | | (325) | | | (396) | | | | Net (loss) income attributable to common stockholders - basic and diluted | $ | (62,171) | | | $ | (17,172) | | | $ | (68,361) | | | $ | (27,975) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average common shares outstanding - basic and diluted | 47,999,208 | | | 48,030,130 | | | 47,837,359 | | | 48,347,634 | | | | (Loss) earnings per share: | | | | | | | | | | Basic | $ | (1.29) | | | $ | (0.35) | | | $ | (1.42) | | | $ | (0.57) | | | | Diluted | $ | (1.29) | | | $ | (0.35) | | | $ | (1.42) | | | $ | (0.57) | | | |
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