v3.26.3
COMMON STOCK AND EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
COMMON STOCK AND EARNINGS PER SHARE

NOTE 12. COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders during the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.

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The following is a reconciliation of basic and diluted earnings per common share for each of the periods presented (in thousands, except share and per share data):

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Three Months Ended
September 30,

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Nine Months Ended
September 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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Basic and Diluted Earnings:

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Net Income (Loss) Attributable to Common Stockholders

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$

(7,050)

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$

1,036

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$

10,511

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$

(23,877)

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Basic and Diluted Shares:

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Weighted Average Shares Outstanding, Basic

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37,537,899

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32,651,101

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35,033,606

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32,298,304

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Common Shares Applicable to Unvested Restricted Stock Using the Treasury Stock Method

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83,573

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31,674

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48,120

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15,591

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Weighted Average Shares Outstanding, Diluted

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37,621,472

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32,682,775

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35,081,726

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32,313,895

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Per Share Information:

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Net Income (Loss) Attributable to Common Stockholders

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Basic and Diluted

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$

(0.19)

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$

0.03

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$

0.30

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$

(0.74)

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There were 83,573 and 48,120 potentially dilutive shares related to the Company’s restricted stock for the three and nine months ended September 30, 2026, respectively. There were 31,674 and 15,591 potentially dilutive shares related to the Company’s restricted stock for the three and nine months ended September 30, 2025, respectively.