XML 40 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted EPS

The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

 

2023

 

Basic earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

 

$

4,744

 

 

$

(20,788

)

 

$

4,794

 

 

 

$

(18,529

)

Less: Earnings allocable to unvested restricted stock

 

 

(260

)

 

 

(281

)

 

 

(519

)

 

 

 

(561

)

Net income (loss) attributable to common shareholders

 

 

4,484

 

 

 

(21,069

)

 

 

4,275

 

 

 

 

(19,090

)

Weighted-average basic shares outstanding

 

 

31,150

 

 

 

31,313

 

 

 

31,348

 

 

 

 

31,309

 

Net income (loss) per share attributable to common shareholders

 

$

0.14

 

 

$

(0.67

)

 

$

0.14

 

 

 

$

(0.61

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

 

$

4,484

 

 

$

(21,069

)

 

$

4,275

 

 

 

$

(19,090

)

Weighted-average diluted shares outstanding

 

 

31,156

 

 

 

31,313

 

 

 

31,351

 

 

 

 

31,309

 

Net income (loss) per share attributable to common shareholders

 

$

0.14

 

 

$

(0.67

)

 

$

0.14

 

 

 

$

(0.61

)
(1)
For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371, respectively, including 27 and 20, respectively, contingently issuable shares related to unvested restricted stock awards. For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,407 and 31,384, respectively, including 94 and 75, respectively, contingently issuable shares related to PSUs and unvested restricted stock awards.