Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):


	Three Months Ended March 31,
	2025			2024
Basic earnings per share
Net income attributable to the Company	$	8,789		$	50
Less: Earnings allocable to unvested restricted stock		(577	)		(259	)
Net income (loss) attributable to common shareholders		8,212			(209	)
Weighted-average basic shares outstanding		30,419			31,546
Net income (loss) per share attributable to common shareholders	$	0.27		$	(0.01	)

Diluted earnings per share (1)
Net income (loss) attributable to common shareholders	$	8,212		$	(209	)
Weighted-average diluted shares outstanding		30,709			31,546
Net income (loss) per share attributable to common shareholders	$	0.27		$	(0.01	)

(1)

For the three months ended March 31, 2025, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,825,915, including 116,802 contingently issuable shares related to unvested restricted stock awards. For the three months ended March 31, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three months ended March 31, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,568,257, including 22,536 contingently issuable shares related to unvested restricted stock awards.