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Note 9 - Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 9: Earnings Per Share

 

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024:

 

  

For the Three Months Ended

 
  

March 31,

 
  

2025

  

2024

 

Net income

 $8,526  $17,961 

Income allocated to noncontrolling interest

  (172)  (384)

Income allocable to common shares

 $8,354  $17,577 

Weighted-average shares outstanding—Basic

  230,723,583   224,627,115 

Weighted-average shares outstanding—Diluted

  231,828,484   225,226,270 

Earnings per share—Basic

 $0.04  $0.08 

Earnings per share—Diluted

 $0.04  $0.08 

 

Certain IROP units and shares deliverable under the forward sale agreements were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 8,623,243 for the three months ended March 31, 2025. Certain IROP units, PSUs, RSUs and restricted stock awards were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 6,540,798 for the three months ended March 31, 2024.