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Note 9 - Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024:

 

  

For the Three Months Ended

  

For the Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Net income

 $8,172  $10,555  $16,698  $28,515 

Income allocated to noncontrolling interest

  (126)  (201)  (298)  (585)

Income allocable to common shares

 $8,046  $10,354  $16,400  $27,930 

Weighted-average shares outstanding—Basic

  233,496,633   224,793,229   232,117,768   224,710,259 

Weighted-average shares outstanding—Diluted

  234,131,752   225,418,825   233,041,087   225,403,082 

Earnings per share—Basic

 $0.03  $0.05  $0.07  $0.12 

Earnings per share—Diluted

 $0.03  $0.05  $0.07  $0.12 

 

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 14,223,243 and 8,623,243 for the three and six months ended June 30, 2025. Certain IROP units, RSUs and restricted stock awards were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 6,070,126 and 6,096,634 for the three and six months ended June 30, 2024.