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EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the basic and diluted earnings (loss) per share calculations for the years ended December 31, 2024, 2023 and 2022 (in thousands, except shares and per share amounts):

			2024						2023						2022
Numerator:
Net income (loss) attributable to the Company			$	68,297					$	55,394					$	(15,403)
Adjustments to net income (loss) attributable to the Company			(33)						(16)						85
Net income (loss) attributable to common shareholders			$	68,264					$	55,378					$	(15,318)
Numerator—basic common shares:
Net income (loss) attributable to common shareholders			$	68,264					$	55,378					$	(15,318)
Less: net income allocated to participating securities			$	84					$	270					$	—
Allocation of basic net income (loss) among common shareholders			$	68,180					$	55,108					$	(15,318)
Numerator for basic net income (loss) available to Class A common shareholders			$	68,157					$	55,089					$	(15,313)
Numerator for basic net income (loss) available to Class B common shareholders			$	23					$	19					$	(5)
Numerator—diluted common shares:
Net income (loss) attributable to common shareholders			$	68,264					$	55,378					$	(15,318)
Reallocation of income (loss) from dilutive potential securities			$	72,818					$	55,891					$	(252)
Less: net income allocated to participating securities			$	82					$	258					$	—
Allocation of diluted net income (loss) among common shareholders			$	141,000					$	111,011					$	(15,570)
Numerator for diluted net income (loss) available to Class A common shareholders			$	140,977					$	110,992					$	(15,565)
Numerator for diluted net income (loss) available to Class B common shareholders			$	23					$	19					$	(5)
Denominator:
Basic weighted average Class A common shares outstanding			69,224,327						68,826,340						68,429,271
Diluted weighted average Class A common shares outstanding			146,944,944						145,131,125						68,430,212
Basic and diluted weighted average Class B common shares outstanding			79,233,544						79,233,544						79,233,544
Basic earnings (loss) per share:
Class A common shares			$	0.98					$	0.80					$	(0.22)
Class B common shares			$	0.00					$	0.00					$	(0.00)
Diluted earnings (loss) per share:
Class A common shares			$	0.96					$	0.76					$	(0.23)
Class B common shares			$	0.00					$	0.00					$	(0.00)
Anti-dilutive potential Performance RSUs			3,691,186						3,123,408						1,145,832
Anti-dilutive potential Restricted Shares (weighted average)			—						—						672,690
Anti-dilutive potential Performance Restricted Shares (weighted average)			—						—						24,730
Anti-dilutive potential Class A common shares from exchanges (weighted average)			3,137,134						3,137,134						76,120,180

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- References

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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

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