Earnings per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2024

Earnings per Share of Common Stock

Schedule of computation of basic and diluted earnings per share

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except for share and per share amounts)	2024		2023		2024		2023
Basic Earnings
Net income (loss) from continuing operations	$	(31,427)	$	244,532	$	(107,009)	$	283,041
Less: Income attributable to non-controlling interest		1,820		4,490		1,937		6,325
Less: Income attributable to participating shares		2,301		2,373		4,636		4,744
Basic earnings - continuing operations	$	(35,548)	$	237,669	$	(113,582)	$	271,972
Basic earnings - discontinued operations	$	(2,774)	$	8,841	$	(1,359)	$	7,310
Diluted Earnings
Net income (loss) from continuing operations		(31,427)		244,532		(107,009)		283,041
Less: Income attributable to non-controlling interest		1,820		4,490		1,937		6,325
Less: Income attributable to participating shares		2,301		2,373		4,636		4,744
Add: Expenses attributable to dilutive instruments		131		2,319		262		4,638
Diluted earnings - continuing operations	$	(35,417)	$	239,988	$	(113,320)	$	276,610
Diluted earnings - discontinued operations	$	(2,774)	$	8,841	$	(1,359)	$	7,310
Number of Shares
Basic — Average shares outstanding		168,653,741		131,651,125		170,343,303		121,219,982
Effect of dilutive securities — Unvested participating shares		1,210,234		9,932,712		1,170,253		9,876,386
Diluted — Average shares outstanding		169,863,975		141,583,837		171,513,556		131,096,368
EPS Attributable to RC Common Stockholders:
Basic - continuing operations	$	(0.21)	$	1.80	$	(0.67)	$	2.24
Basic - discontinued operations	$	(0.02)	$	0.07	$	(0.01)	$	0.06
Basic - total	$	(0.23)	$	1.87	$	(0.68)	$	2.30
Diluted - continuing operations	$	(0.21)	$	1.70	$	(0.67)	$	2.11
Diluted - discontinued operations	$	(0.02)	$	0.06	$	(0.01)	$	0.06
Diluted - total	$	(0.23)	$	1.76	$	(0.68)	$	2.17