XML 150 R41.htm IDEA: XBRL DOCUMENT

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2025

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025		2024
Net (loss) income	$	(18,540)		$	30,862		$	20,229	$	75,289
Less income allocated to non-controlling interests		(1,455)			(1,496)			(4,452)		(2,332)
Less income allocated to participating securities:
Non-forfeitable dividends on participating securities		(154)			(173)			(471)		(511)
Income allocated to participating securities		—			(28)	⁽¹⁾		—		—	⁽¹⁾
Total net income allocated to participating securities		(154)			(201)			(471)		(511)
Net (loss) income available to common stockholders		(20,149)			29,165			15,306		72,446
Effect of dilutive securities:
Participating securities ⁽²⁾		—			—			—		—
Net (loss) income for diluted net income per share	$	(20,149)		$	29,165		$	15,306	$	72,446

Shares for basic net income per share		46,123			43,868			45,726		43,313
Effect of dilutive securities:
Performance-based stock units		—	⁽³⁾		526			381		526
Participating securities ⁽²⁾		—			—			—		—
Total effect of dilutive securities		—			526			381		526
Shares for diluted net income per share		46,123			44,394			46,107		43,839

Basic net income per share	$	(0.44)		$	0.66		$	0.33	$	1.67
Diluted net income per share	$	(0.44)		$	0.66		$	0.33	$	1.65

(1)	The computation of the net income per share for the three and nine months ended September 30, 2024 are made independently. Therefore, the sum of the quarters may not agree with the amounts for the year-to-date periods.

(2)	For the three and nine months ended September 30, 2025 and 2024, the participating securities were excluded from the computation of diluted net income per share as such inclusion would be anti-dilutive.

(3)	For the three months ended September 30, 2025, the performance-based stock units were excluded from the calculation of the shares for diluted net income per share as such inclusion would be anti-dilutive.