Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliation of Basic and Diluted Earnings Per Common Share

The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):

	For the three months ended June 30,				For the six months ended June 30,
	2025		2024		2025		2024
Numerator:
Net income (loss) attributable to common shareholders	$	7,424	$	20,304	$	(36,154)	$	(18,677)
Less: Dividends paid on unvested share-based compensation	(8)		(10)		(17)		(19)
Less: Undistributed earnings attributable to share-based compensation	(45)		(147)		—		—
Net income (loss) available to common shareholders — basic	$	7,371	$	20,147	$	(36,171)	$	(18,696)
Plus: Interest expense on convertible notes	—		3,281		—		—
Net income (loss) available to common shareholders — diluted	$	7,371	$	23,428	$	(36,171)	$	(18,696)
Denominator:
Weighted-average number of common shares — basic	118,172,417		120,094,380		118,685,483		120,089,803
Effect of dilutive share-based compensation	211,029		209,309		—		—
Effect of dilutive convertible notes	—		29,441,175		—		—
Weighted-average number of common shares — diluted	118,383,446		149,744,864		118,685,483		120,089,803
Net income (loss) per share available to common shareholders — basic	$	0.06	$	0.17	$	(0.30)	$	(0.16)
Net income (loss) per share available to common shareholders — diluted	$	0.06	$	0.16	$	(0.30)	$	(0.16)