COMMON STOCK AND EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

COMMON STOCK AND EARNINGS PER SHARE

NOTE 12. COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders during the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.

The following is a reconciliation of basic and diluted earnings per common share for each of the periods presented (in thousands, except share and per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic and Diluted Earnings:
Net Income (Loss) Attributable to Common Stockholders	$	13,234	$	(25,296)	$	17,561	$	(24,913)
Basic and Diluted Shares:
Weighted Average Shares Outstanding, Basic		34,988,612		32,678,771		33,760,706		32,118,982
Common Shares Applicable to Unvested Restricted Stock Using the Treasury Stock Method		36,030		49,060		27,637		55,592
Weighted Average Shares Outstanding, Diluted		35,024,642		32,727,831		33,788,343		32,174,574
Per Share Information:
Net Income (Loss) Attributable to Common Stockholders
Basic and Diluted	$	0.38	$	(0.77)	$	0.52	$	(0.78)

There were 36,030 and 27,637 potentially dilutive shares related to the Company’s restricted stock for the three and six months ended June 30, 2026, respectively. There were 49,060 and 55,592 potentially dilutive shares related to the Company’s restricted stock for the three and six months ended June 30, 2025, respectively.