Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2025

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):


	Year Ended December 31,
	2025		2024		2023
Net (loss) income	$	(52,235)	$	(240,394)	$	137,240
Preferred dividends and accretion	59,797		55,670		51,691
Net (loss) income to common shareholders	(112,032)		(296,064)		85,549

Basic:
Weighted average common shares outstanding	152,537		151,754		150,942
(Loss) income per share	$	(0.73)	$	(1.95)	$	0.57

Diluted:
Weighted average common shares outstanding	152,537		151,754		150,942
Effect of Restricted Stock and Performance Awards	—		—		1,080
Weighted average dilutive shares	152,537		151,754		152,022
(Loss) income per share	$	(0.73)	$	(1.95)	$	0.56