Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Components of Basic and Diluted EPS Computations

The following tables summarize the components of the basic and diluted EPS computations (in thousands, except per share amounts):

	Three Months Ended March 31,
	2025		2024
EPS – basic:
Net income (numerator)	$	13,158	$	10,630
Weighted average common shares (denominator)		303,481		270,356
Net income per share	$	0.04	$	0.04
EPS – diluted:
Net income	$	13,158	$	10,630
Effect of interest and amortization expense on convertible notes		284		1,856
Adjusted net income (numerator)	$	13,442	$	12,486
Weighted average common shares		303,481		270,356
Effect of dilutive securities – common shares issuable		17,416		54,377
Adjusted weighted average common shares (denominator)		320,897		324,733
Net income per share	$	0.04	$	0.04