Three months ended

Nine months ended

September 30,

 

2026

 

2025

 

2026

 

2025

(in thousands)

Net (loss) income available for stockholders

$

(41,929)

$

12,963

$

(28,999)

$

35,141

Less: Adjustments for earnings attributable to participating securities

(204)

(489)

(859)

(986)

Net (loss) income used in calculating earnings per share

$

(42,133)

$

12,474

$

(29,858)

$

34,155

Weighted average shares outstanding (including participating securities)

221,628

220,575

221,540

218,959

Adjustment for participating securities

(6,628)

(8,331)

(7,415)

(4,054)

Shares used in calculating basic and diluted earnings per share

215,000

212,244

214,125

214,905