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Stock Compensation and Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of restricted stock shares activity

Activity related to the Company’s equity compensation, which includes the Company’s restricted stock units (“RSUs”) and performance stock units (“PSUs”), was as follows:

(in thousands, except weighted average grant price)			Number of Shares						Weighted Average Grant Price
Outstanding awards, December 31, 2023			825						$	21.16
Granted			403						$	20.22
Adjustments for PSU performance			(79)						$	19.29
Vested			(284)						$	21.93
Forfeited			(22)						$	20.07
Outstanding awards, September 30, 2024			843						$	20.68

Activity related to the Company’s Relative Total Shareholder Return RSUs (“RTSRs”) was as follows:

(in thousands, except weighted average grant price)			Number of Shares						Weighted Average Grant Price
Outstanding awards, December 31, 2023			293						$	25.80
Granted			136						$	22.30
Adjustments for RTSR performance			(27)						$	34.05
Vested			(32)						$	34.05
Forfeited			(16)						$	23.24
Outstanding awards, September 30, 2024			354						$	23.20

Schedule of stock compensation expense

Stock-based compensation expense was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Stock compensation expense			$	1,566					$	2,220					$	8,239					$	8,950
Capitalized stock compensation			(182)						(176)						(619)						(586)
Stock compensation expense, net			$	1,384					$	2,044					$	7,620					$	8,364

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table indicates the computation of basic and diluted earnings (loss) per share:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands, except per share amounts)			2024						2023						2024						2023
Calculation of net (loss) income per share:
Loss from continuing operations			$	(5,304)					$	(183)					$	(22,167)					$	(841)
Total income from discontinued operations, net of tax			41						1,776						218,728						6,290
Net (loss) income			$	(5,263)					$	1,593					$	196,561					$	5,449
Amounts attributable to common shareholders
Loss from continuing operations			$	(6,942)					$	(183)					$	(23,805)					$	(841)
Total income from discontinued operations			41						1,776						218,728						6,290
Net (loss) income attributable to common shareholders			$	(6,901)					$	1,593					$	194,923					$	5,449
Basic weighted average shares outstanding			54,781						50,379						53,370						50,346
Per share amounts attributable to common shareholders
Basic - Loss from continuing operations			$	(0.13)					$	—					$	(0.45)					$	(0.02)
Basic - Income from discontinued operations, net of tax			—						0.03						4.10						0.13
Basic net (loss) income per share			$	(0.13)					$	0.03					$	3.65					$	0.11
Effect of dilutive instruments outstanding:
Basic weighted average shares outstanding			54,781						50,379						53,370						50,346
Effect from dilutive shares and options outstanding			—						—						—						—
Diluted weighted average shares outstanding			54,781						50,379						53,370						50,346
Diluted - Loss from continuing operations			$	(0.13)					$	—					$	(0.45)					$	(0.02)
Diluted - Income from discontinued operations, net of tax			—						0.03						4.10						0.13
Diluted net (loss) income per share			$	(0.13)					$	0.03					$	3.65					$	0.11

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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.

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Name Accounting Standards Codification
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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