Three Months Ended

Six Months Ended

June 30,
2024

June 30,
2023

June 30,
2024

June 30,
2023

(Dollars in thousands, except per share amounts)

Basic Earnings (Loss) Per Share:

Net income (loss)

$

(11,124

)

$

(67

)

$

(43,873

)

$

(4,114

)

Less: Redeemable preferred stock dividends and accretion

(10,353

)

(9,645

)

(20,519

)

(19,085

)

Less: Noncontrolling redeemable equity dividend

—

(11

)

(7

)

(21

)

Basic numerator

$

(21,477

)

$

(9,723

)

$

(64,399

)

$

(23,220

)

Basic earnings (loss) per share

$

(0.75

)

$

(0.35

)

$

(2.26

)

$

(0.84

)

Weighted average shares outstanding – Basic

28,732

28,035

28,493

27,669

Diluted Earnings (Loss) Per Share:

Net income (loss)

$

(11,124

)

$

(67

)

$

(43,873

)

$

(4,114

)

Less: Redeemable preferred stock dividends and accretion

(10,353

)

(9,645

)

(20,519

)

(19,085

)

Less: Noncontrolling redeemable equity dividend

—

(11

)

(7

)

(21

)

Diluted numerator

$

(21,477

)

$

(9,723

)

$

(64,399

)

$

(23,220

)

Diluted earnings (loss) per share

$

(0.75

)

$

(0.35

)

$

(2.26

)

$

(0.84

)

Weighted average shares outstanding – Basic

28,732

28,035

28,493

27,669

Dilutive effect of common share equivalents

—

—

—

—

Weighted average shares outstanding – Diluted

28,732

28,035

28,493

27,669