XML 22 R10.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share
9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024:
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
BASIC  
Net income attributable to common shareholders$34,616 $4,689 $79,345 $6,533 
Weighted-average number of common shares outstanding - basic292,030,570 291,529,849 291,870,814 291,407,853 
Net income attributable to common shareholders - per common share basic$0.12 $0.02 $0.27 $0.02 
DILUTED
Net income attributable to common shareholders - basic$34,616 $4,689 $79,345 $6,533 
Weighted-average common shares outstanding - basic292,030,570 291,529,849 291,870,814 291,407,853 
Effect of dilutive securities:
Unvested share-based payment awards650,332 71,145 584,739 94,170 
Weighted-average common shares outstanding - diluted292,680,902 291,600,994 292,455,553 291,502,023 
Net income attributable to common shareholders - per common share diluted$0.12 $0.02 $0.27 $0.02 
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 September 30,Nine Months Ended September 30,
 2025202420252024
Unvested participating securities6,729 — 6,254 — 
Preferred shares - Series C
4,710,570 4,710,570 4,710,570 4,710,570