Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Basic and Diluted Earning per Share

For the three and nine months ended September 30, 2026 and 2025, we had no dilutive securities. As a result, basic and diluted EPS are the same. The calculation of basic and diluted EPS is as follows ($ in thousands, except per share data):


	Three Months Ended						Nine Months Ended
	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Net loss	$	(14,257	)	$	(9,528	)	$	(323,982	)	$	(269,858	)
Dividends on participating securities (1)		-			-			-			-
Participating securities’ share in earnings		-			-			-			-
Basic loss	$	(14,257	)	$	(9,528	)	$	(323,982	)	$	(269,858	)
Weighted average shares of common stock outstanding, basic and diluted (2)		141,380,300			140,563,026			141,088,707			140,052,069
Net loss per share of common stock, basic and diluted	$	(0.10	)	$	(0.07	)	$	(2.30	)	$	(1.93	)

(1)

For the three and nine months ended September 30, 2026 and 2025, our Board did not declare any dividends.

(2)

Amounts for the three months ended September 30, 2026 and 2025 include 293,798 and 205,150, respectively, of fully vested RSUs. Amounts for the nine months ended September 30, 2026 and 2025 include 271,606 and 205,150, respectively, of fully vested RSUs.