(LOSS) EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

(Loss) earnings per share for the years ended 2025, 2024, and 2023 were as follows (amounts in thousands, except per share data):

	2025		2024		2023
Net (loss) income applicable to common shareholders	$	(63,494)	$	(5,560)	$	78,760
Determination of shares:
Weighted average shares outstanding (basic)	63,714		68,662		62,452
Effect of restricted stock and stock options	—		—		509
Weighted average shares outstanding (diluted)	63,714		68,662		62,961
(Loss) earnings per share:
Basic	$	(1.00)	$	(0.08)	$	1.26
Diluted	$	(1.00)	$	(0.08)	$	1.25

The effect of restricted stock and stock options has been excluded for the years ended December 31, 2025 and 2024, as the effect would have been antidilutive. The weighted average shares excluded for equity awards for the years ended December 31, 2025 and 2024 was 0.2 million and 0.5 million, respectively.