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

9 Months Ended

Sep. 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			756						12.06
Vested			(345)						20.70
Forfeited			(50)						16.60
Outstanding awards, September 30, 2025			1,236						15.53

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			246						12.31
Vested			—						—
Forfeited			(22)						18.06
Outstanding awards, September 30, 2025			483						17.76

Schedule of stock compensation expense

Stock-based compensation expense was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2025						2024						2025						2024
Stock compensation expense			$	2,260					$	1,566					$	8,650					$	8,239
Capitalized stock compensation			(194)						(182)						(680)						(619)
Stock compensation expense, net			$	2,066					$	1,384					$	7,970					$	7,620

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)			2025						2024						2025						2024
Calculation of net (loss) income per share:
Loss from continuing operations			$	(9,390)					$	(5,304)					$	(27,570)					$	(22,167)
Total income from discontinued operations, net of tax			—						41						—						218,728
Net (loss) income			$	(9,390)					$	(5,263)					$	(27,570)					$	196,561
Amounts attributable to common shareholders
Loss from continuing operations			$	(10,913)					$	(6,942)					$	(32,062)					$	(23,805)
Total income from discontinued operations			—						41						—						218,728
Net (loss) income attributable to common shareholders			$	(10,913)					$	(6,901)					$	(32,062)					$	194,923
Basic and diluted weighted average shares outstanding			55,150						54,781						55,083						53,370
Per share amounts attributable to common shareholders
Loss from continuing operations			$	(0.20)					$	(0.13)					$	(0.58)					$	(0.45)
Income from discontinued operations, net of tax			—						—						—						4.10
Net (loss) income per share			$	(0.20)					$	(0.13)					$	(0.58)					$	3.65

The following table presents potentially dilutive instruments:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2025						2024						2025						2024
Potentially dilutive equity awards			664						423						468						373
Potentially dilutive shares related to the Series A Preferred Stock			3,615						3,373						3,615						3,373
Total potentially dilutive instruments			4,279						3,796						4,083						3,746

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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
-Paragraph 1
-Subparagraph (c)
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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
-Topic 718
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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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