Earnings (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings (Loss) per Share

Schedule of calculation of earnings (loss) per share

The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts):

	For the Year Ended
	December 31,
	2024		2023
Net income (loss)	$	12,946	$	392,750
Less: Net income allocated to participating securities		622		17,599
Basic and diluted earnings available to common stockholders	$	12,324	$	375,151
Common shares:
Common shares outstanding — basic		39,655		38,961
Dilutive effect of potential common shares		—		—
Common shares outstanding — diluted		39,655		38,961
Net earnings (loss) per share:
Basic	$	0.31	$	9.63
Diluted	$	0.31	$	9.63