EARNINGS PER SHARE |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EARNINGS PER SHARE | NOTE 8 — EARNINGS PER SHARE The computation of basic EPS is based on the Company’s weighted average shares outstanding. The Special Voting Preferred Shares were excluded from basic and diluted EPS because they do not participate in the Company’s earnings or dividends and do not independently represent potential common shares. Any potential dilution associated with the related CMFH Class A LP Units is evaluated separately. EPS for year-to-date periods may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding. In connection with the Transactions on June 24, 2026, the Company reorganized its ownership structure. The Company’s current capital structure is not reflective of the capital structure of the Contributed Entities prior to the transaction. Therefore, earnings per share for the three and six months ended June 30, 2026, has been calculated based solely on the period subsequent to the Transactions, as earnings per share is not meaningful for the period from January 1, 2026 to June 23, 2026, due to the different capital structure. Basic and diluted EPS is calculated utilizing net loss available to common stockholders of the Company from June 24, 2026 to June 30, 2026, divided by the weighted average number of shares of common stock outstanding during the same period. The Company’s outstanding equity-based compensation awards under its equity-based compensation arrangements (as further described in Note 9 — Stockholders’ Equity) were anti-dilutive during the period. The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net loss attributable to common stockholders for the period presented (in thousands, except per share amounts):
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