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Stock Compensation and Earnings (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
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, 2024 | 875 |  |  | $ | 20.63 |
Granted | 751 |  |  | 12.05 |
Vested | (345) |  |  | 20.70 |
Forfeited | (35) |  |  | 16.67 |
Outstanding awards, June 30, 2025 | 1,246 |  |  | 15.55 |
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, 2024 | 259 |  |  | $ | 22.96 |
Granted | 241 |  |  | 12.31 |
Vested | — |  |  | — |
Forfeited | (22) |  |  | 18.06 |
Outstanding awards, June 30, 2025 | 478 |  |  | 17.82 |
Schedule of stock compensation expense | Stock-based compensation expense was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Stock compensation expense | $ | 2,493 |  |  | $ | 2,538 |  |  | $ | 6,390 |  |  | $ | 6,673 |
Capitalized stock compensation | (306) |  |  | (268) |  |  | (486) |  |  | (437) |
Stock compensation expense, net | $ | 2,187 |  |  | $ | 2,270 |  |  | $ | 5,904 |  |  | $ | 6,236 |
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 June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Calculation of net (loss) income per share: |  |  |  |  |  |  |
Loss from continuing operations | $ | (9,048) |  |  | $ | (12,773) |  |  | $ | (18,180) |  |  | $ | (16,863) |
Total (loss) income from discontinued operations, net of tax | — |  |  | (99) |  |  | — |  |  | 218,687 |
Net (loss) income | $ | (9,048) |  |  | $ | (12,872) |  |  | $ | (18,180) |  |  | $ | 201,824 |
Amounts attributable to common shareholders |  |  |  |  |  |  |
Loss from continuing operations | $ | (10,545) |  |  | $ | (12,773) |  |  | $ | (21,149) |  |  | $ | (16,863) |
Total (loss) income from discontinued operations | — |  |  | (99) |  |  | — |  |  | 218,687 |
Net (loss) income attributable to common shareholders | $ | (10,545) |  |  | $ | (12,872) |  |  | $ | (21,149) |  |  | $ | 201,824 |
Basic and diluted weighted average shares outstanding | 55,103 |  |  | 54,730 |  |  | 55,032 |  |  | 52,620 |
Per share amounts attributable to common shareholders |  |  |  |  |  |  |
Loss from continuing operations | $ | (0.19) |  |  | $ | (0.24) |  |  | $ | (0.38) |  |  | $ | (0.32) |
(Loss) income from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | 4.16 |
Net (loss) income per share | $ | (0.19) |  |  | $ | (0.24) |  |  | $ | (0.38) |  |  | $ | 3.84 |
The following table presents potentially dilutive instruments:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Potentially dilutive equity awards | 436 |  |  | 392 |  |  | 431 |  |  | 444 |
Potentially dilutive shares related to the Series A Preferred Stock | 3,553 |  |  | 3,306 |  |  | 3,553 |  |  | 3,306 |
Total potentially dilutive instruments | 3,989 |  |  | 3,698 |  |  | 3,984 |  |  | 3,750 |

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