Three Months Ended

March 31,

2024

2023

(In thousands, except per share amounts)

BASIC EPS:

Net income (loss) (numerator):

Income (loss), net of tax

$

(9,002)

$

61,060

Less: net (income) loss attributable to noncontrolling interest

(25,331)

(11,836)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(7,283)

(7,354)

Less: distributed and undistributed earnings allocated to unvested shareholders

—

(1,702)

Numerator for basic earnings per share:

Adjusted income (loss), net of tax - basic

$

(41,616)

$

40,168

Weighted-average number of shares outstanding - basic

9,176

9,160

Earnings (losses) per share:

Total Basic

$

(4.54)

$

4.39

DILUTED EPS:

Adjusted income (loss) from continuing operations, net of tax - basic

$

(41,616)

$

40,168

Add: after tax interest expense of convertible notes

—

424

Add: effect of reallocating undistributed earnings of unvested shareholders

—

9

Adjusted income (loss), net of tax - diluted

$

(41,616)

$

40,601

Weighted-average number of shares outstanding - basic

9,176

9,160

Add: if converted dilutive effect of convertible notes

—

659

Add: dilutive effect of potential common shares

—

48

Weighted-average number of shares outstanding - diluted

9,176

9,867

Earnings (losses) per share:

Total Diluted

$

(4.54)

$

4.11