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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Basic and Diluted Earnings Per Common Share | The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | 33,026 |  |  | $ | (68,130) |  |  | $ | 14,349 |  |  | $ | (68,308) |
Less: Dividends paid on unvested share-based compensation | (9) |  |  | (10) |  |  | (28) |  |  | (31) |
Less: Undistributed earnings attributable to share-based compensation | (247) |  |  | — |  |  | (83) |  |  | — |
Net income (loss) available to common shareholders — basic | $ | 32,770 |  |  | $ | (68,140) |  |  | $ | 14,238 |  |  | $ | (68,339) |
Plus: Interest expense on convertible notes | 3,281 |  |  | — |  |  | — |  |  | — |
Net income (loss) available to common shareholders — diluted | $ | 36,051 |  |  | $ | (68,140) |  |  | $ | 14,238 |  |  | $ | (68,339) |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares — basic | 119,640,463 |  |  | 120,057,744 |  |  | 119,938,931 |  |  | 122,394,293 |
Effect of dilutive share-based compensation | 270,228 |  |  | — |  |  | 428,420 |  |  | — |
Effect of dilutive convertible notes | 29,441,175 |  |  | — |  |  | — |  |  | — |
Weighted-average number of common shares — diluted | 149,351,866 |  |  | 120,057,744 |  |  | 120,367,351 |  |  | 122,394,293 |
Net income (loss) per share available to common shareholders — basic | $ | 0.27 |  |  | $ | (0.57) |  |  | $ | 0.12 |  |  | $ | (0.56) |
Net income (loss) per share available to common shareholders — diluted | $ | 0.24 |  |  | $ | (0.57) |  |  | $ | 0.12 |  |  | $ | (0.56) |

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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 + Details
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