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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table summarizes our net income or loss, and the number of common shares used in the computation of basic and diluted income or loss per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Amounts in thousands, except per share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders

 

$

(19,785

)

 

$

(7,819

)

 

$

(29,811

)

 

$

2,046

 

Earnings allocated to unvested participating securities

 

 

-

 

 

 

(7

)

 

 

-

 

 

 

(14

)

Numerator for (loss) income per common share -
   basic and diluted

 

$

(19,785

)

 

$

(7,826

)

 

$

(29,811

)

 

$

2,032

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) income per common share -
   weighted average shares

 

 

219,217

 

 

 

217,205

 

 

 

218,614

 

 

 

217,155

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

54

 

Denominator for diluted (loss) income per common share -
   weighted average shares

 

 

219,217

 

 

 

217,205

 

 

 

218,614

 

 

 

217,209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per common share - basic and diluted

 

$

(0.09

)

 

$

(0.04

)

 

$

(0.14

)

 

$

0.01

 

 

(1)
The effect of dilutive securities excludes 19,682 and 22,168 weighted average share equivalents for the three months ended June 30, 2025 and 2024, respectively, and 20,203 and 22,058 weighted average share equivalents for the six months ended June 30, 2025 and 2024, respectively, as their effect was anti-dilutive.