| Schedule of Basic and Diluted Net Earnings Per Share |
The following tables present the computations of basic and diluted net (loss) earnings per share by class of common stock for the periods indicated: | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | | | | | | | | | | | Class B | | | | | | Voting | | Non-Voting | | | | | | Common | | Common | | | | Total | | (In thousands, except per share amounts) | Basic Loss Per Share: (1) | | | | | | | | | Net loss available to common and equivalent stockholders | $ | (250,525) | | | $ | (769) | | | | | $ | (251,294) | | Less: Earnings and dividends allocated to unvested restricted stock (2) | 6 | | | — | | | | | 6 | | | Net loss allocated to common and equivalent shares | $ | (250,519) | | | $ | (769) | | | | | $ | (251,288) | | | | | | | | | | | Weighted average basic shares and unvested restricted stock outstanding | 155,366 | | | 477 | | | | | 155,843 | | | Less: weighted average unvested restricted stock outstanding | (40) | | | — | | | | | (40) | | | Weighted average basic shares outstanding | 155,326 | | | 477 | | | | | 155,803 | | | | | | | | | | | Basic loss per share | $ | (1.61) | | | $ | (1.61) | | | | | $ | (1.61) | | | | | | | | | | Diluted Loss Per Share: (1) | | | | | | | | | Net loss allocated to common and equivalent shares | $ | (250,519) | | | $ | (769) | | | | | $ | (251,288) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted average diluted shares outstanding | 155,326 | | | 477 | | | | | 155,803 | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted loss per share | $ | (1.61) | | | $ | (1.61) | | | | | $ | (1.61) | |
________________________(1) Basic and diluted loss per share are calculated using the two-class method. (2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | Non-Voting | | | | | | Class B | | Common | | | | Voting | | Non-Voting | | Stock | | | | Common | | Common | | Equivalents | | Total | | (In thousands, except per share amounts) | Basic Loss Per Share: (1) | | | | | | | | | Net loss available to common and equivalent stockholders | $ | (187,544) | | | $ | (581) | | | $ | (1,164) | | | $ | (189,289) | | | | | | | | | | Less: Earnings and dividends allocated to unvested restricted stock (2) | (1) | | | — | | | — | | | (1) | | | Net loss allocated to common and equivalent shares | $ | (187,545) | | | $ | (581) | | | $ | (1,164) | | | $ | (189,290) | | | | | | | | | | | Weighted average basic shares and unvested restricted stock outstanding | 153,938 | | | 477 | | | 955 | | | 155,370 | | | Less: weighted average unvested restricted stock outstanding | (55) | | | — | | | — | | | (55) | | | Weighted average basic shares outstanding | 153,883 | | | 477 | | | 955 | | | 155,315 | | | | | | | | | | | Basic loss per share | $ | (1.22) | | | $ | (1.22) | | | $ | (1.22) | | | $ | (1.22) | | | | | | | | | | Diluted Loss Per Share: (1) | | | | | | | | | Net loss allocated to common and equivalent shares | $ | (187,545) | | | $ | (581) | | | $ | (1,164) | | | $ | (189,290) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted average diluted shares outstanding | 153,883 | | | 477 | | | 955 | | | 155,315 | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted loss per share | $ | (1.22) | | | $ | (1.22) | | | $ | (1.22) | | | $ | (1.22) | |
_____________________(1) Basic and diluted loss per share are using the two-class method. (2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | | | | | | Class B | | Non-Voting | | | | Voting | | Non-Voting | | Common Stock | | | | Common | | Common | | Equivalents | | Total | | (In thousands, except per share amounts) | Basic Earnings Per Share: (1) | | | | | | | | | Net earnings available to common and equivalent stockholders | $ | 17,243 | | | $ | 55 | | | $ | 1,140 | | | $ | 18,438 | | Less: Earnings allocated to unvested restricted stock (2) | (5) | | | — | | | — | | | (5) | | | Net earnings allocated to common and equivalent shares | $ | 17,238 | | | $ | 55 | | | $ | 1,140 | | | $ | 18,433 | | | | | | | | | | | Weighted average basic shares and unvested restricted stock outstanding | 148,236 | | | 477 | | | 9,791 | | | 158,504 | | | Less: weighted average unvested restricted stock outstanding | (150) | | | — | | | — | | | (150) | | | Weighted average basic shares outstanding | 148,086 | | | 477 | | | 9,791 | | | 158,354 | | | | | | | | | | | Basic earnings per share | $ | 0.12 | | | $ | 0.12 | | | $ | 0.12 | | | $ | 0.12 | | | | | | | | | | Diluted Earnings Per Share:(3) | | | | | | | | | Net earnings allocated to common and equivalent shares | $ | 17,243 | | | $ | 55 | | | $ | 1,140 | | | $ | 18,438 | | | Weighted average diluted shares outstanding | 148,194 | | | 477 | | | 9,791 | | | 158,462 | | | Diluted earnings per share | $ | 0.12 | | | $ | 0.12 | | | $ | 0.12 | | | $ | 0.12 | |
________________________ (1) Basic earnings per share is using the two-class method. (2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. (3) Diluted earnings per share is using the treasury method. | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | Non-Voting | | | | | | Class B | | Common | | | | Voting | | Non-Voting | | Stock | | | | Common | | Common | | Equivalents | | Total | | (In thousands, except per share amounts) | Basic Earnings Per Share: (1) | | | | | | | | | Net earnings available to common and equivalent stockholders | $ | 58,159 | | | $ | 181 | | | $ | 3,719 | | | $ | 62,059 | | Less: Earnings allocated to unvested restricted stock (2) | (49) | | | — | | | — | | | (49) | | | Net earnings allocated to common and equivalent shares | $ | 58,110 | | | $ | 181 | | | $ | 3,719 | | | $ | 62,010 | | | | | | | | | | | Weighted average basic shares and unvested restricted stock outstanding | 153,304 | | | 477 | | | 9,791 | | | 163,572 | | | Less: weighted average unvested restricted stock outstanding | (176) | | | — | | | — | | | (176) | | | Weighted average basic shares outstanding | 153,128 | | | 477 | | | 9,791 | | | 163,396 | | | | | | | | | | | Basic earnings per share | $ | 0.38 | | | $ | 0.38 | | | $ | 0.38 | | | $ | 0.38 | | | | | | | | | | Diluted Earnings Per Share:(3) | | | | | | | | | Net earnings allocated to common and equivalent shares | $ | 58,159 | | | $ | 181 | | | $ | 3,719 | | | $ | 62,059 | | | Weighted average diluted shares outstanding | 153,399 | | | 477 | | | 9,791 | | | 163,667 | | | Diluted earnings per share | $ | 0.38 | | | $ | 0.38 | | | $ | 0.38 | | | $ | 0.38 | |
________________________ (1) Basic earnings per share is using the two-class method. (2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. (3) Diluted earnings per share is using the treasury method.
|