XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2025 and 2024:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
BASIC  
Net income attributable to common shareholders$27,450 $3,775 $44,729 $1,844 
Weighted-average number of common shares outstanding - basic
291,872,243 291,403,985 291,789,613 291,346,184 
Net income attributable to common shareholders - per common share basic$0.09 $0.01 $0.15 $0.01 
DILUTED
Net income attributable to common shareholders - basic$27,450 $3,775 $44,729 $1,844 
Weighted-average common shares outstanding - basic
291,872,243 291,403,985 291,789,613 291,346,184 
Effect of dilutive securities:
Unvested share-based payment awards335,925 211,365 464,067 105,682 
Weighted-average common shares outstanding - diluted
292,208,168 291,615,350 292,253,680 291,451,866 
Net income attributable to common shareholders - per common share diluted$0.09 $0.01 $0.15 $0.01 
For amounts per common share, generally all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.
Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Unvested participating securities— — 6,017 — 
Preferred shares - Series C
4,710,570 4,710,570 4,710,570 4,710,570