| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the basic and diluted (loss) earnings per share calculations for the three and nine months ended September 30, 2026 and 2025 (in thousands, except shares and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Numerator: | | | | | | | | | Net (loss) income attributable to the Company | $ | (2,580) | | | $ | 21,071 | | | $ | 6,054 | | | $ | 47,675 | | | Adjustments to net (loss) income attributable to the Company | (2) | | | — | | | (6) | | | 9 | | | Net (loss) income attributable to common shareholders | $ | (2,582) | | | $ | 21,071 | | | $ | 6,048 | | | $ | 47,684 | | Numerator—basic common shares: | | | | | | | | | Net (loss) income attributable to common shareholders | $ | (2,582) | | | $ | 21,071 | | | $ | 6,048 | | | $ | 47,684 | | Less: net income allocated to participating securities | — | | | 19 | | | 1 | | | 43 | | | Allocation of basic net (loss) income among common shareholders | $ | (2,582) | | | $ | 21,052 | | | $ | 6,047 | | | $ | 47,641 | | | Numerator for basic net (loss) income available to Class A common shareholders | $ | (2,581) | | | $ | 21,045 | | | $ | 6,045 | | | $ | 47,625 | | | Numerator for basic net (loss) income available to Class B common shareholders | $ | (1) | | | $ | 7 | | | $ | 2 | | | $ | 16 | | Numerator—diluted common shares: | | | | | | | | | Net (loss) income attributable to common shareholders | $ | (2,582) | | | $ | 21,071 | | | $ | 6,048 | | | $ | 47,684 | | | Reallocation of income from dilutive potential securities | — | | | 21,495 | | | 6,212 | | | 48,813 | | Less: net income allocated to participating securities | — | | | 18 | | | 1 | | | 40 | | | Allocation of diluted net (loss) income among common shareholders | $ | (2,582) | | | $ | 42,548 | | | $ | 12,259 | | | $ | 96,457 | | | Numerator for diluted net (loss) income available to Class A common shareholders | $ | (2,581) | | | $ | 42,541 | | | $ | 12,257 | | | $ | 96,441 | | | Numerator for diluted net (loss) income available to Class B common shareholders | $ | (1) | | | $ | 7 | | | $ | 2 | | | $ | 16 | | Denominator: | | | | | | | | | Basic weighted average Class A common shares outstanding | 71,783,254 | | | 69,796,339 | | | 71,813,460 | | | 69,692,349 | | Diluted weighted average Class A common shares outstanding | 71,783,254 | | | 149,430,920 | | | 149,180,581 | | | 149,267,968 | | | Basic and diluted weighted average Class B common shares outstanding | 76,096,410 | | | 79,233,544 | | | 76,096,410 | | | 79,233,544 | | | | | | | | | | | Basic (loss) earnings per share: | | | | | | | | Class A common shares | $ | (0.04) | | | $ | 0.30 | | | $ | 0.08 | | | $ | 0.68 | | Class B common shares | $ | (0.00) | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | Diluted (loss) earnings per share: | | | | | | | | Class A common shares | $ | (0.04) | | | $ | 0.28 | | | $ | 0.08 | | | $ | 0.65 | | Class B common shares | $ | (0.00) | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | | | | | | | | Anti-dilutive potential RSUs | 1,580,357 | | | — | | | — | | | — | | Anti-dilutive potential Performance RSUs | 6,409,588 | | | 4,489,097 | | | 5,883,921 | | | 4,489,097 | | | Anti-dilutive potential Class A common shares from warrants | 1,500,000 | | | — | | | 1,500,000 | | | — | | Anti-dilutive potential Restricted Shares (weighted average) | 32,780 | | | — | | | — | | | — | | | | | | | | | | | Anti-dilutive potential Class A common shares from exchanges (weighted average) | 76,119,239 | | | 3,137,134 | | | — | | | 3,137,134 | | | | | | | | | |
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