Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share

Schedule of computations of basic and diluted EPS

The computations of the numerator (earnings or loss) and denominator (shares) to derive the basic and diluted earnings per share (“EPS”) amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands, except per share amounts):


		Three Months Ended					Three Months Ended
		June 30, 2026					June 30, 2025
		Income			Shares		Income			Shares
Basic:
Continuing operations:
Net income (loss)		$	22,720				$	(2,598)
Less: Income from discontinued operations, net of tax			(7,455)					(2,464)
Less: Undistributed earnings allocated to participating securities - continuing operations			(13)					—
Income (loss) available to common shareholders - continuing operations		$	15,252		147,220		$	(5,062)		148,515

Earnings (loss) per share, basic		$	0.10				$	(0.04)


		Three Months Ended					Three Months Ended
		June 30, 2026					June 30, 2025
		Income			Shares		Income			Shares
Discontinued operations:
Income available to common shareholders - discontinued operations		$	7,449		147,220		$	2,464		148,515

Earnings per share, basic		$	0.05				$	0.02

Diluted:
Continuing operations:
Income (loss) available to common shareholders - continuing operations		$	15,252		147,220		$	(5,062)		148,515
Effect of dilutive securities:
Share-based awards other than participating securities			—		887			—		—
Net income (loss) available to common shareholders - continuing operations		$	15,252		148,107		$	(5,062)		148,515

Earnings (loss) per share, diluted		$	0.10				$	(0.04)

Discontinued operations:
Net income available to common shareholders - discontinued operations		$	7,449		148,107		$	2,464		148,515

Earnings per share, diluted		$	0.05				$	0.02


		Six Months Ended					Six Months Ended
		June 30, 2026					June 30, 2025
		Income			Shares		Income			Shares
Basic:
Continuing operations:
Net income		$	9,314				$	474
Less: Loss from discontinued operations, net of tax			709					5,848
Less: Undistributed earnings allocated to participating securities - continuing operations			(9)					(4)
Income available to common shareholders - continuing operations		$	10,014		147,192		$	6,318		149,770

Earnings per share, basic		$	0.07				$	0.04

Discontinued operations:
Loss available to common shareholders - discontinued operations		$	(708)		147,192		$	(5,844)		149,770

Loss per share, basic		$	(0.01)				$	(0.04)


		Six Months Ended					Six Months Ended
		June 30, 2026					June 30, 2025
		Income			Shares		Income			Shares
Diluted:
Continuing operations:
Income available to common shareholders - continuing operations		$	10,014		147,192		$	6,318		149,770
Effect of dilutive securities:
Share-based awards other than participating securities			—		810			—		769
Net income available to common shareholders - continuing operations		$	10,014		148,002		$	6,318		150,539

Earnings per share, diluted		$	0.07				$	0.04

Discontinued operations:
Net loss available to common shareholders - discontinued operations		$	(708)		148,002		$	(5,844)		150,539

Loss per share, diluted		$	(0.01)				$	(0.04)

Schedule of shares excluded from diluted EPS calculation

Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):


		Three Months Ended
		June 30, 2025
Diluted shares (as reported)		148,515
Share-based awards		742
Total		149,257