Year Ended December 31,

(Thousands, except per share data)

2024

2023

2022

Basic Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders

$

(79,949)

$

(34,743)

$

(77,633)

Denominator:

Weighted-average common shares outstanding - basic

89,795

80,684

48,444

Basic earnings (loss) per common share

$

(0.89)

$

(0.43)

$

(1.60)

Diluted Earnings per Common Share

Numerator:

Net income (loss) attributable to common shareholders - basic

$

(79,949)

$

(34,743)

$

(77,633)

Effect of participating securities

—

Net income (loss) attributable to common shareholders - diluted

$

(79,949)

$

(34,743)

$

(77,633)

Denominator:

Weighted-average common shares outstanding - basic

89,795

80,684

48,444

Effect of dilutive participating securities

—

Effect of dilutive non-participating securities

—

Weighted-average common shares outstanding - diluted

89,795

80,684

48,444

Dilutive (loss) earnings per common share

$

(0.89)

$

(0.43)

$

(1.60)