The following table provides a reconciliation of net (loss) income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).


	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2026			2025			2026			2025
Numerators – Basic and Diluted
Net (loss) income	$	(5,394	)	$	(6,158	)	$	(5,760	)	$	43,431
Earnings attributable to unvested shares		—			(836	)		(217	)		(1,223	)
Net (loss) income after allocation to participating securities	$	(5,394	)	$	(6,994	)	$	(5,977	)	$	42,208
Denominators – Number of Shares
Basic and Diluted—Average shares outstanding		52,475			52,445			52,472			52,442
Earnings Per Share:
Basic	$	(0.10	)	$	(0.13	)	$	(0.11	)	$	0.80
Diluted	$	(0.10	)	$	(0.13	)	$	(0.11	)	$	0.80

Basic average shares outstanding do not include restricted stock units (“RSUs”) representing 0.2 million and 0.3 million common shares that were not vested at September 30, 2026 and 2025, respectively. Dividend equivalents are paid on the outstanding RSUs, which makes these shares participating securities.

The Company declared a special cash dividend of $1.00 per common share for the nine months ended September 30, 2026. The Company declared no dividends in the three months ended September 30, 2026. The Company declared special cash dividends of $3.25 and $4.75 per common share in the aggregate for the three and nine months ended September 30, 2025, respectively.