EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Computations of Basic and Diluted Earnings (Loss) Per Share

The following information sets forth the computations of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2025 and 2024 ($ 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
Net income (loss) attributable to common stockholders	$	(11,035)	$	(6,125)	$	(1,690)	$	(18,448)
Divided by:
Basic weighted average shares of common stock outstanding:	54,856,949		54,426,112		54,842,959		54,411,255
Weighted average non-vested restricted stock and RSUs (1)	—		—		—		—
Diluted weighted average shares of common stock outstanding:	54,856,949		54,426,112		54,842,959		54,411,255
Basic earnings (loss) per common share	$	(0.20)	$	(0.11)	$	(0.03)	$	(0.34)
Diluted earnings (loss) per common share	$	(0.20)	$	(0.11)	$	(0.03)	$	(0.34)

_______________________________

(1)For the three and six months ended June 30, 2025, the weighted average non-vested restricted stock and RSUs of 912,326 and 889,299 shares, respectively, were excluded from the computation of diluted earnings (loss) per common share as the impact of including those shares would be anti-dilutive. For the three and six months ended June 30, 2024, the weighted average non-vested restricted stock and RSUs of 809,063 and 808,299 shares, respectively, were excluded from the computation of diluted earnings (loss) per common share as the impact of including those shares would be anti-dilutive.