EARNINGS PER SHARE AND EQUITY (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2024		2023		2024		2023
Net loss	$	(42,956)	$	(50,049)	$	(141,393)	$	(119,833)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(9,963)		(9,932)		(32,053)		(30,101)
Less: Dividends and accretion of redeemable preferred stock	16,978		15,984		51,563		45,811
Net loss attributable to stockholders	$	(49,971)	$	(56,101)	$	(160,903)	$	(135,543)
Weighted Average Common Stock Outstanding - Basic (1)	109,723,831		102,820,651		106,317,677		102,800,818
Weighted Average Common Stock Outstanding - Diluted (1)	109,723,831		102,820,651		106,317,677		102,800,818
Loss per share:
Basic	$	(0.45)	$	(0.55)	$	(1.51)	$	(1.32)
Diluted (2)	$	(0.45)	$	(0.55)	$	(1.51)	$	(1.32)

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(1) Three and nine months ended September 30, 2024 includes penny warrants that were converted into common stock during the periods.

(2) Diluted LPS for the three and nine months ended September 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 nine months ended September 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	3,342,566	0.01
Outstanding as of September 30, 2024 (1)	3,342,566	$	9.85
Warrants exercisable as of September 30, 2024 (1)	3,342,566	$	9.85