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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliation of Basic and Diluted Earnings Per Share

The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
Basic Earnings per Share		2025				2024				2025				2024
Net income		$	24,777			$	21,759			$	49,406			$	43,870
Less:  Income distributed to participating securities			—				(462	)			—				(924	)
Less:  Undistributed income allocable to participating securities			—				(1,603	)			(24	)			(3,260	)
Net income available to common stockholders—Basic EPS		$	24,777			$	19,694			$	49,382			$	39,686
Weighted average common shares (in thousands)			143,076				146,896				142,830				146,680
Basic earnings per share		$	0.17			$	0.13			$	0.35			$	0.27

		Three Months Ended June 30,								Six Months Ended June 30,
Diluted Earnings per Share		2025				2024				2025				2024
Net income available to common stockholders		$	24,777			$	19,694			$	49,382			$	39,686
Add back:  Undistributed income allocable to participating securities			—				1,603				24				3,260
Less:  Reallocation of undistributed income allocable to participating securities considered potentially dilutive			—				(1,561	)			(23	)			(3,182	)
Net income available to common stockholders—Diluted EPS		$	24,777			$	19,736			$	49,383			$	39,764
Weighted Average Diluted Shares (in thousands):
Weighted average common shares			143,076				146,896				142,830				146,680
Dilutive effect of common stock equivalents, excluding participating securities			3,564				4,312				3,601				3,962
Weighted average diluted shares, excluding participating securities (in thousands)			146,640				151,208				146,431				150,642
Diluted earnings per share		$	0.17			$	0.13			$	0.34			$	0.26

Schedule of Weighted Average Diluted Shares

The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above:

		Three Months Ended June 30,								Six Months Ended June 30,
Reconciliation of Weighted Average Diluted Shares (in thousands)		2025				2024				2025				2024
Weighted average diluted shares as disclosed on the Consolidated Statements of Operations			146,640				166,359				146,513				165,872
Less:  Participating securities
Weighted average shares of common stock issuable upon conversion of the Series A Preferred Stock			—				(14,750	)			—				(14,750	)
Potentially dilutive restricted stock awards			—				(401	)			(82	)			(480	)
Weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above			146,640				151,208				146,431				150,642

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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