v3.26.1
Earnings per Share of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The table below provides information on the basic and diluted EPS computations, including the number of shares of
common stock used for purposes of these computations.
Three Months Ended June 30,
Six Months Ended June 30,
(in thousands, except for share and per share amounts)
2026
2025
2026
2025
Basic Earnings
Net income (loss) from continuing operations
$(99,683)
$(48,751)
$(299,770)
$33,659
Less: Income attributable to non-controlling interest
1,848
1,814
3,490
4,274
Less: Income attributable to participating shares
2,055
2,214
4,114
4,442
Basic earnings - continuing operations
$(103,586)
$(52,779)
$(307,374)
$24,943
Basic earnings - discontinued operations
$—
$(4,926)
$—
$(5,371)
Diluted Earnings
Net income (loss) from continuing operations
(99,683)
(48,751)
(299,770)
33,659
Less: Income attributable to non-controlling interest
1,848
1,814
3,490
4,274
Less: Income attributable to participating shares
2,055
2,214
4,114
4,442
Add: Expenses attributable to dilutive instruments
131
131
262
262
Diluted earnings - continuing operations
$(103,455)
$(52,648)
$(307,112)
$25,205
Diluted earnings - discontinued operations
$—
$(4,926)
$—
$(5,371)
Number of Shares
Basic — Average shares outstanding
165,101,861
167,749,917
164,366,053
166,465,234
Effect of dilutive securities — Unvested participating shares
7,679,319
2,923,171
6,807,340
2,854,767
Diluted — Average shares outstanding
172,781,180
170,673,088
171,173,393
169,320,001
EPS Attributable to RC Common Stockholders:
Basic - continuing operations
$(0.63)
$(0.31)
$(1.87)
$0.15
Basic - discontinued operations
$0.00
$(0.03)
$0.00
$(0.03)
Basic - total
$(0.63)
$(0.34)
$(1.87)
$0.12
Diluted - continuing operations
$(0.63)
$(0.31)
$(1.87)
$0.15
Diluted - discontinued operations
$0.00
$(0.03)
$0.00
$(0.03)
Diluted - total
$(0.63)
$(0.34)
$(1.87)
$0.12