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EPS (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliation of Basic EPS and Diluted EPS

The following table is a reconciliation of basic EPS and diluted EPS:


			Three Months Ended
			September 30, 2025												September 30, 2024
			Basic						Fully Diluted						Basic						Fully Diluted
			(Dollars in Thousands, Except Per Share Amounts)
Numerator:
Net (loss) income			$	(50,240)					$	(50,240)					$	20,142					$	20,142

Denominator:
Weighted average shares outstanding			87,508,517						87,508,517						89,033,463						89,033,463
Effect of dilutive securities (1)			—						—						—						286,148
Adjusted weighted average shares outstanding			87,508,517						87,508,517						89,033,463						89,319,611

EPS			$	(0.57)					$	(0.57)					$	0.23					$	0.23
(1) As the Company was in a net loss position as of September 30, 2025, the effect of dilutive shares is not applicable. As of the three months ended September 30, 2025, the dilutive shares were 324,035.




			Nine Months Ended
			September 30, 2025												September 30, 2024
			Basic						Fully Diluted						Basic						Fully Diluted
			(Dollars in Thousands, Except Per Share Amounts)
Numerator:
Net (loss) income			$	(9,114)					$	(9,114)					$	51,179					$	51,179

Denominator:
Weighted average shares outstanding			88,566,368						88,566,368						88,944,569						88,944,569
Effect of dilutive securities (1)			—						—						—						296,901
Adjusted weighted average shares outstanding			88,566,368						88,566,368						88,944,569						89,241,470

EPS			$	(0.10)					$	(0.10)					$	0.58					$	0.57
(1) As the Company was in a net loss position as of September 30, 2025, the effect of dilutive shares is not applicable. As of the nine months ended September 30, 2025, the dilutive shares were 432,149.