| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the basic and diluted earnings per share calculations for the three and nine months ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | Basic Earnings per Share | in thousands (except per share amounts) | | Net income available to Class A Common Stockholders | $ | 8,385 | | | $ | 17,696 | | | $ | 188 | | | $ | 32,174 | | | | | Weighted average shares of Class A Common Stock outstanding | 106,097 | | | 96,167 | | | 102,995 | | | 92,326 | | | | | Basic earnings per share | $ | 0.08 | | | $ | 0.18 | | | $ | 0.00 | | | $ | 0.35 | | | | | | | | | | | | | | | Diluted Earnings per Share | | | | | | | | | | | Net income available to Class A Common Stockholders | $ | 8,513 | | | $ | 39,408 | | | $ | 188 | | | $ | 100,699 | | | | | Weighted average shares of Class A Common Stock outstanding | 107,800 | | | 347,240 | | | 102,995 | | | 346,672 | | | | | Diluted earnings per share | $ | 0.08 | | | $ | 0.11 | | | $ | 0.00 | | | $ | 0.29 | | | | | | | | | | | | | | | Net income available to Class A Common Stockholders | | | | | | | | | | | Net income | $ | 36,269 | | | $ | 46,171 | | | $ | 31,565 | | | $ | 120,666 | | | | | Net income attributable to non-controlling interest | (26,058) | | | (25,323) | | | (25,565) | | | (80,474) | | | | | Accretion of Series A Convertible Preferred Stock | (1,826) | | | (1,903) | | | (5,804) | | | (5,653) | | | | | Undistributed earnings allocated to Series A Convertible Preferred Stock | — | | | (1,249) | | | (8) | | | (2,365) | | | | | Net income available to Class A Common Stockholders, Basic | 8,385 | | | 17,696 | | | 188 | | | 32,174 | | | | | Undistributed earnings reallocated to Series A Convertible Preferred Stock | — | | | 479 | | | — | | | 394 | | | | | Adjustment for potentially dilutive THG units | — | | | 21,146 | | | — | | | 68,059 | | | | | Adjustment for potentially dilutive Series A Convertible Preferred Stock | — | | | — | | | — | | | — | | | | | Adjustment for potentially dilutive share-based compensation awards | 128 | | | 87 | | | — | | | 72 | | | | | Net income available to Class A Common Stockholders, Diluted | $ | 8,513 | | | $ | 39,408 | | | $ | 188 | | | $ | 100,699 | | | | | | | | | | | | | | | Weighted Average Shares of Class A Common Stock Outstanding | | | | | | | | | | | Weighted average shares of Class A Common Stock outstanding, Basic | 106,097 | | | 96,167 | | | 102,995 | | | 92,326 | | | | | Adjustment for potentially dilutive THG units | — | | | 249,870 | | | — | | | 253,363 | | | | | Adjustment for potentially dilutive Series A Convertible Preferred Stock | — | | | — | | | — | | | — | | | | | Adjustment for potentially dilutive share-based compensation awards | 1,703 | | | 1,203 | | | — | | | 983 | | | | | Weighted average shares of Class A Common Stock outstanding, Diluted | 107,800 | | | 347,240 | | | 102,995 | | | 346,672 | | | |
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| Schedule of the Weighted Average Excluded from Diluted Earnings |
The following table summarizes the weighted average potential shares of Class A Common Stock excluded from diluted earnings per share of Class A Common Stock as their effect would be anti-dilutive or, for certain PRSUs, the performance conditions were not met for the three and nine months ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | in thousands | THG units | 240,970 | | | — | | | 243,676 | | | — | | | | | Series A Convertible Preferred Stock | 6,785 | | | 6,785 | | | 6,785 | | | 6,785 | | | | | Unvested shares associated with share-based compensation awards | 4,196 | | | 4,080 | | | 7,884 | | | 3,941 | | | | | | | | | | | | | | | Total | 251,951 | | | 10,865 | | | 258,345 | | | 10,726 | | | |
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