Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

The following sets forth the computation of basic and diluted earnings per share under the two-class method:

	Three Months Ended June 30,				Six Months Ended June 30,
(Thousands, except per share data)	2024		2023		2024		2023
Basic earnings per share:
Numerator:
Net income (loss) attributable to shareholders	$	18,278	$	25,626	$	59,607	$	6,424
Less: Income allocated to participating securities	(723)		(322)		(1,159)		(569)
Dividends declared on convertible preferred stock	(5)		(5)		(10)		(10)
Net income (loss) attributable to common shares	$	17,550	$	25,299	$	58,438	$	5,845
Denominator:
Basic weighted-average common shares outstanding	237,347		236,429		237,121		236,260
Basic income (loss) earnings per common share	$	0.07	$	0.11	$	0.25	$	0.02

	Three Months Ended June 30,				Six Months Ended June 30,
(Thousands, except per share data)	2024		2023		2024		2023
Diluted earnings per share:
Numerator:
Net income (loss) attributable to shareholders	$	18,278	$	25,626	$	59,607	$	6,424
Less: Income allocated to participating securities	(723)		(322)		(1,159)		(569)
Dividends declared on convertible preferred stock	(5)		(5)		(10)		(10)
Impact on if-converted dilutive securities	—		—		—		—
Net income (loss) attributable to common shares	$	17,550	$	25,299	$	58,438	$	5,845
Denominator:
Basic weighted-average common shares outstanding	237,347		236,429		237,121		236,260
Effect of dilutive non-participating securities	—		—		—		—
Impact on if-converted dilutive securities	—		—		—		—
Weighted-average shares for dilutive earnings per common share	237,347		236,429		237,121		236,260
Dilutive earnings (loss) per common share	$	0.07	$	0.11	$	0.25	$	0.02