XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.25.4

Earnings per Share | 12 Months Ended
--- | ---
Dec. 31, 2025
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Net (loss) income | $ | (52,235) |  |  | $ | (240,394) |  |  | $ | 137,240 |
Preferred dividends and accretion | 59,797 |  |  | 55,670 |  |  | 51,691 |
Net (loss) income to common shareholders | (112,032) |  |  | (296,064) |  |  | 85,549 |
Basic: |  |  |  |  |
Weighted average common shares outstanding | 152,537 |  |  | 151,754 |  |  | 150,942 |
(Loss) income per share | $ | (0.73) |  |  | $ | (1.95) |  |  | $ | 0.57 |
Diluted: |  |  |  |  |
Weighted average common shares outstanding | 152,537 |  |  | 151,754 |  |  | 150,942 |
Effect of Restricted Stock and Performance Awards | — |  |  | — |  |  | 1,080 |
Weighted average dilutive shares | 152,537 |  |  | 151,754 |  |  | 152,022 |
(Loss) income per share | $ | (0.73) |  |  | $ | (1.95) |  |  | $ | 0.56 |
Since the Company was in a loss position for the years ended December 31, 2025 and 2024, basic net loss per share to common shareholders is the same as diluted net loss per share to common stockholders, as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive. As such, 5,833,255 and 3,572,402 shares of common stock equivalents were excluded from the calculation of diluted net loss per share during the years ended December 31, 2025 and 2024, as they had an antidilutive effect. Potentially dilutive common shares issuable pursuant to equity-based awards of 2,362,982, were excluded from the computation of diluted earnings per share for the year ended December 31, 2023, as their effect would have been antidilutive. In addition, there were no potentially dilutive common shares issuable pursuant to the Convertible Notes for the years ended December 31, 2025, 2024 and 2023, as the sustained market price of the Company’s common stock has not exceeded the conversion thresholds since inception.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration