Three Months Ended

Six Months Ended

June 30,

2024

2023

2024

2023

(In thousands, except per share amounts)

BASIC EPS:

Net income (loss) (numerator):

Income (loss), net of tax

$

(13,029)

$

16,231

$

(22,031)

$

77,291

Less: net (income) loss attributable to noncontrolling interest

(19,226)

(11,620)

(44,557)

(23,456)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(7,283)

(7,436)

(14,566)

(14,790)

Less: distributed and undistributed earnings allocated to unvested shareholders

—

(1,869)

Numerator for basic earnings per share:

Adjusted income (loss), net of tax - basic

$

(39,538)

$

(2,825)

$

(81,154)

$

37,176

Weighted-average number of shares outstanding - basic

9,207

9,195

9,191

9,178

Earnings (losses) per share:

Total Basic

$

(4.29)

$

(0.31)

$

(8.83)

$

4.05

DILUTED EPS:

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

$

(39,538)

$

(2,825)

$

(81,154)

$

37,176

Add: after tax interest expense of convertible notes

—

1,272

Add: effect of reallocating undistributed earnings of unvested shareholders

—

10

Adjusted income (loss), net of tax - diluted

$

(39,538)

$

(2,825)

$

(81,154)

$

38,458

Weighted-average number of shares outstanding - basic

9,207

9,195

9,191

9,178

Add: if converted dilutive effect of convertible notes

—

918

Add: dilutive effect of potential common shares

—

45

Weighted-average number of shares outstanding - diluted

9,207

9,195

9,191

10,141

Earnings (losses) per share:

Total Diluted

$

(4.29)

$

(0.31)

$

(8.83)

$

3.79