EARNINGS PER SHARE AND EQUITY (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted LPS is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2024		2023		2024		2023
Net loss	$	(48,140)	$	(33,872)	$	(98,437)	$	(69,784)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(11,400)		(10,276)		(22,090)		(20,169)
Less: Dividends and accretion of redeemable preferred stock	17,610		15,257		34,585		29,827
Net loss attributable to stockholders	$	(54,350)	$	(38,853)	$	(110,932)	$	(79,442)
Weighted Average Common Stock Outstanding - Basic (1)	105,039,831		102,793,800		104,612,209		102,790,737
Weighted Average Common Stock Outstanding - Diluted (1)	105,039,831		102,793,800		104,612,209		102,790,737
Loss per share:
Basic	$	(0.52)	$	(0.38)	$	(1.06)	$	(0.77)
Diluted (2)	$	(0.52)	$	(0.38)	$	(1.06)	$	(0.77)

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(1) Three and six months ended June 30, 2024 includes penny warrants which can be converted into a fixed amount of our stock.

(2) Diluted LPS for the three and six months ended June 30, 2024 includes the dilutive effect of subsidiary earnings per share.

Schedule of Stockholders' Equity Note, Warrants or Rights

A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 2024 is as follows:

	Number of Warrants	Weighted Average Exercise Price
Outstanding as of December 31, 2023	6,685,132	$	4.93
Issued	—	—
Expired	—	—
Exercised	—	—
Outstanding as of June 30, 2024 (1)	6,685,132	$	4.93
Warrants exercisable as of June 30, 2024 (1)	6,685,132	$	4.93