Basic income (loss) per share and Diluted income (loss) per share are calculated by dividing the Net income (loss), attributable to common stockholders by the basic and diluted weighted-average common stock outstanding in the period, respectively, using the allocation method prescribed by the two-class method. The Company applies this method to compute earnings/loss per common share because it distributes non-forfeitable dividend equivalents on restricted stock units and Operating Partnership units granted to certain associates and non-employee directors who have the right to participate in the distribution of common dividends while the restricted stock units and Operating Partnership units are unvested.

A reconciliation of the basic and diluted weighted-average common stock outstanding for the three and nine months ended September 30, 2026 and 2025 is as follows:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
	(In thousands)
Weighted average common stock outstanding – basic	286,625	285,898	286,590	285,622
Dilutive effect of stock-based awards	1,045	—	598	—
Weighted average common stock outstanding – diluted	287,670	285,898	287,188	285,622

For the three and nine months ended September 30, 2026, certain potential common stock under the treasury stock method and the if-converted method was dilutive for those periods. For the three and nine months ended September 30, 2025, potential common stock under the treasury stock method and the if-converted method was antidilutive because the Company reported a net loss for such periods. Consequently, the Company did not have any adjustments between Basic and Diluted income (loss) per share related to stock-based awards for those periods.

The table below presents the number of antidilutive potential common shares that are not considered in the calculation of Diluted income (loss) per share: