Three Months Ended

March 31,
2024

March 31,
2023

(Dollars in thousands, except per share amounts)

Basic (Loss) Earnings Per Share:

Net loss

$

(32,749

)

$

(4,047

)

Less: Redeemable preferred stock dividends and accretion

(10,166

)

(9,440

)

Less: European non-controlling redeemable equity dividend

(7

)

(10

)

Basic numerator

$

(42,922

)

$

(13,497

)

Basic (loss) earnings per share

$

(1.52

)

$

(0.49

)

Weighted average shares outstanding – Basic

28,254

27,299

Diluted (Loss) Earnings Per Share:

Net loss

$

(32,749

)

$

(4,047

)

Less: Redeemable preferred stock dividends and accretion

(10,166

)

(9,440

)

Less: European non-controlling redeemable equity dividend

(7

)

(10

)

Diluted numerator

$

(42,922

)

$

(13,497

)

Diluted (loss) earnings per share

$

(1.52

)

$

(0.49

)

Weighted average shares outstanding – Basic

28,254

27,299

Dilutive effect of common share equivalents

—

—

Weighted average shares outstanding – Diluted

28,254

27,299