| Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share |
The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator for loss per share: |
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Net income (loss) |
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$ |
2,041 |
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$ |
(44,088 |
) |
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$ |
(19,229 |
) |
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$ |
(79,194 |
) |
Net loss attributable to Series A Preferred Shareholders |
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(1,155 |
) |
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(1,155 |
) |
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(2,310 |
) |
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(2,310 |
) |
Net loss attributable to Series B Preferred Shareholders |
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(825 |
) |
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(28 |
) |
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(1,379 |
) |
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(30 |
) |
Net income attributable to noncontrolling interests in NHT |
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— |
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— |
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— |
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1,945 |
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Net income attributable to redeemable noncontrolling interests in the OP |
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— |
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20 |
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9 |
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20 |
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Net (loss) income attributable to common shareholders |
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$ |
61 |
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$ |
(45,251 |
) |
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$ |
(22,909 |
) |
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$ |
(79,569 |
) |
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Denominator for earnings (loss) per share: |
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Weighted average common shares outstanding |
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51,753 |
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45,687 |
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50,923 |
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44,303 |
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Denominator for basic loss per share |
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51,753 |
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45,687 |
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50,923 |
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44,303 |
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Weighted average unvested restricted stock units |
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350 |
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2,016 |
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186 |
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1,694 |
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Weighted average number of common shares from assumed conversion of OP Units |
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16 |
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— |
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8 |
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— |
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Weighted average number of common shares from assumed conversion of Series B Preferred Shares |
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8,321 |
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184 |
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7,267 |
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14 |
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Denominator for diluted earnings per share |
(1) |
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60,440 |
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45,687 |
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50,923 |
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44,303 |
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Earnings (loss) per weighted average common share: |
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Basic |
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$ |
— |
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$ |
(0.99 |
) |
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$ |
(0.45 |
) |
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$ |
(1.80 |
) |
Diluted |
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$ |
— |
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$ |
(0.99 |
) |
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$ |
(0.45 |
) |
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$ |
(1.80 |
) |
(1)If the Company sustains a net loss for the period presented, unvested restricted share units and convertible Series B Preferred Shares are not included in the diluted earnings per share calculation.
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