v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following represents a reconciliation of the numerator and denominator of the basic and diluted earnings per common share computations contained in the condensed consolidated financial statements:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands, except share and per share amounts)
Net income (loss) from continuing operations$6,620 $5,120 $(2,154)$16,108 
Less: Dividends on Series A preferred shares(1,969)(1,969)(3,938)(3,938)
Income (loss) from continuing operations available to common shareholders$4,651 $3,151 $(6,092)$12,170 
Loss from discontinued operations(221)(361)(370)(1,775)
Net income (loss) available to common shareholders$4,430 $2,790 $(6,462)$10,395 
Weighted average common shares outstanding:
Basic46,319,945 46,032,626 46,210,545 45,918,697 
Dilutive potential common shares642,331 693,629 — 513,784 
Diluted46,962,276 46,726,255 46,210,545 46,432,481 
Net income (loss) per common share:
Basic
Continuing operations$0.10 $0.07 $(0.13)$0.27 
Discontinued operations$— $(0.01)$(0.01)$(0.04)
$0.10 $0.06 $(0.14)$0.23 
Diluted
Continuing operations$0.10 $0.07 $(0.13)$0.26 
Discontinued operations$— $(0.01)$(0.01)$(0.04)
$0.10 $0.06 $(0.14)$0.22 
For the six months ended June 30, 2026, potential common shares of 757,102 related to unvested RSUs were anti-dilutive and excluded from the calculation of diluted earnings per share. In addition, for all periods presented above, potential common shares of 13,521,634 related to outstanding Series A Preferred Shares were anti-dilutive and excluded from the calculation of diluted earnings per common share. The Company applies the if-converted method for the outstanding Series A Preferred Shares in the calculation of diluted earnings per share from continuing operations. If the Series A Preferred Shares are dilutive, the dividends on the Series A Preferred Shares are added back to income from continuing operations available to common shareholders in the numerator of the calculation and the additional common shares from an assumed conversion of the Series A Preferred Shares are added in the denominator of the calculation.