Three Months Ended March 31,

(Thousands, except per share data)

2024

2023

Basic Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders

$

(23,586)

$

(4,770)

Denominator:

Weighted-average common shares outstanding - basic

88,095

75,358

Basic earnings (loss) per common share

$

(0.27)

$

(0.06)

Diluted Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders - basic

$

(23,586)

$

(4,770)

Effect of participating securities

—

Effect of non-participating securities

—

(5,529)

Net income (loss) attributable to common shareholders - diluted

$

(23,586)

$

(10,299)

Denominator:

Weighted-average common shares outstanding - basic

88,095

75,358

Effect of dilutive participating securities

—

1,335

Effect of dilutive non-participating securities

—

Weighted-average common shares outstanding - diluted

88,095

76,693

Dilutive loss per common share

$

(0.27)

$

(0.13)