v3.26.1
EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share of our common stock, net of non-controlling interest and dividends on Preferred Stock:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands, except per share amounts)2026202520262025
Income (loss) from continuing operations
$14,255 $(7,436)$(65,367)$(23,068)
Less: Dividend on Series A Preferred Stock3,715 3,715 7,430 7,430 
Income (loss) from continuing operations attributable to stockholders of common stock
10,540 (11,151)(72,797)(30,498)
Income (loss) from discontinued operations, net of tax
— (51,056)2,677 (57,431)
Net income (loss) attributable to stockholders of common stock
$10,540 $(62,207)$(70,120)$(87,929)
Weighted average shares used to calculate basic earnings (loss) per share
142,331 98,719 138,066 98,327 
Dilutive effect of stock options, restricted stock, performance units and warrants12,182 — — — 
Weighted average shares used to calculate diluted earnings (loss) per share
154,513 98,719 138,066 98,327 
Basic earnings (loss) per share:
        
Continuing operations$0.07 $(0.11)$(0.53)$(0.31)
Discontinued operations— (0.52)0.02 (0.58)
Basic earnings (loss) per share
$0.07 $(0.63)$(0.51)$(0.89)
Diluted earnings (loss) per share:
Continuing operations$0.07 $(0.11)$(0.53)$(0.31)
Discontinued operations— (0.52)0.02 (0.58)
Diluted earnings (loss) per share
$0.07 $(0.63)$(0.51)$(0.89)

In accordance with GAAP, dilution is assessed on the basis of continuing operations. We incurred a net loss from continuing operations in the three months ended June 30, 2025 and the six months ended June 30, 2026 and 2025, therefore basic and diluted shares are the same for those periods.

We excluded 0.1 million and 2.4 million shares related to stock-based compensation awards from the diluted share calculation for the three months ended June 30, 2026 and 2025, respectively, because their effect would have been anti-dilutive. We excluded 10.5 million shares related to stock-based compensation awards and warrants from the diluted share calculation from the six months ended June 30, 2026 and 1.1 million shares related to stock-based compensation awards from the diluted calculation from the six months ended June 30, 2025, because their effect would have been anti-dilutive.