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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share |
Schedule of computations of basic and diluted EPS | The computations of the numerator (earnings or loss) and denominator (shares) to derive the basic and diluted earnings per share (“EPS”) amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended
​ | ​ | June 30, 2025 | ​ | June 30, 2024
​ |  | Income |  | Shares |  | Income |  | Shares
Basic: |  | ​ |  |  |  |  | ​ |  |  |
Net income (loss) | ​ | $ | (2,598) | ​ | ​ |  | $ | 32,289 |  |
Less: Undistributed earnings allocated to participating securities | ​ |  | — | ​ | ​ |  | ​ | (33) |  |
Net income (loss) available to common shareholders, basic | ​ | $ | (2,598) | ​ | 148,515 | ​ | $ | 32,256 |  | 152,234
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share, basic | ​ | $ | (0.02) | ​ | ​ | ​ | $ | 0.21 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ |  |  | ​ |  | ​ |  |  |  |
Net income (loss) available to common shareholders, basic | ​ | $ | (2,598) | ​ | 148,515 | ​ | $ | 32,256 |  | 152,234
Effect of dilutive securities: | ​ |  |  | ​ |  | ​ |  |  |  |
Share-based awards other than participating securities | ​ |  | — | ​ | — | ​ |  | — |  | 2,790
Undistributed earnings reallocated to participating securities | ​ |  | — | ​ | — | ​ |  | 1 |  | —
Net income (loss) available to common shareholders, diluted | ​ | $ | (2,598) | ​ | 148,515 | ​ | $ | 32,257 | ​ | 155,024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share, diluted | ​ | $ | (0.02) | ​ | ​ | ​ | $ | 0.21 |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended | ​ | Six Months Ended
​ | ​ | June 30, 2025 | ​ | June 30, 2024
​ |  | Income |  | Shares |  | Income |  | Shares
Basic: |  | ​ |  |  |  |  | ​ |  |  |
Net income | ​ | $ | 474 | ​ | ​ |  | $ | 6,002 |  |
Less: Undistributed earnings allocated to participating securities | ​ |  | — | ​ | ​ |  | ​ | (6) |  |
Net income available to common shareholders, basic | ​ | $ | 474 | ​ | 149,770 | ​ | $ | 5,996 |  | 152,301
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share, basic | ​ | $ | 0.00 | ​ | ​ | ​ | $ | 0.04 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ |  |  | ​ |  | ​ |  |  |  |
Net income available to common shareholders, basic | ​ | $ | 474 | ​ | 149,770 | ​ | $ | 5,996 |  | 152,301
Effect of dilutive securities: | ​ |  |  | ​ |  | ​ |  |  |  |
Share-based awards other than participating securities | ​ |  | — | ​ | 769 | ​ |  | — |  | 2,771
Undistributed earnings reallocated to participating securities | ​ |  | — | ​ | — | ​ |  | — |  | —
Net income available to common shareholders, diluted | ​ | $ | 474 | ​ | 150,539 | ​ | $ | 5,996 |  | 155,072
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share, diluted | ​ | $ | 0.00 | ​ | ​ | ​ | $ | 0.04 | ​ | ​
Schedule of shares excluded from diluted EPS calculation | Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands): ​
​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | June 30, 2025
Diluted shares (as reported) |  | 148,515
Share-based awards |  | 742
Total |  | 149,257
​ The following potentially dilutive shares related to the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 30,
​ |  | 2025 |  | 2024
2026 Notes |  | — |  | 2,594

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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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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