XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Loss Per Common Share | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Loss Per Common Share | 18. Loss Per Common Share The Company calculates basic loss per common share by dividing net loss attributable to the Company's common stockholders for the period by weighted-average shares of common stock outstanding for that period. Diluted loss per common share takes into account the effect of dilutive instruments, such as performance share units ("PSUs") and restricted stock units ("RSUs"), and the number of incremental shares that are to be added to the weighted-average number of shares outstanding. During the three and six months ended June 30, 2024 and 2023, the PSUs and RSUs awarded under the 2017 Plan were determined to be anti-dilutive and were not included in the calculation of diluted loss per common share under the treasury stock method. The following table presents the computation of basic and diluted loss per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic Loss per Common Share: |  |  |  |  |  |  |
Net loss attributable to Company | $ | (15,589) |  |  | $ | (26,928) |  |  | $ | (73,489) |  |  | $ | (6,065) |
Less: Preferred Stock dividends | (10,439) |  |  | (10,474) |  |  | (20,878) |  |  | (20,958) |
Plus: Gain on repurchase of Preferred Stock | — |  |  | 200 |  |  | — |  |  | 342 |
Net loss attributable to Company's common stockholders | $ | (26,028) |  |  | $ | (37,202) |  |  | $ | (94,367) |  |  | $ | (26,681) |
Basic weighted average common shares outstanding | 90,989 |  |  | 91,193 |  |  | 91,053 |  |  | 91,254 |
Basic Loss per Common Share | $ | (0.29) |  |  | $ | (0.41) |  |  | $ | (1.04) |  |  | $ | (0.29) |
Diluted Loss per Common Share: |  |  |  |  |  |  |
Net loss attributable to Company | $ | (15,589) |  |  | $ | (26,928) |  |  | $ | (73,489) |  |  | $ | (6,065) |
Less: Preferred Stock dividends | (10,439) |  |  | (10,474) |  |  | (20,878) |  |  | (20,958) |
Plus: Gain on repurchase of Preferred Stock | — |  |  | 200 |  |  | — |  |  | 342 |
Net loss attributable to Company's common stockholders | $ | (26,028) |  |  | $ | (37,202) |  |  | $ | (94,367) |  |  | $ | (26,681) |
Weighted average common shares outstanding | 90,989 |  |  | 91,193 |  |  | 91,053 |  |  | 91,254 |
Diluted weighted average common shares outstanding | 90,989 |  |  | 91,193 |  |  | 91,053 |  |  | 91,254 |
Diluted Loss per Common Share | $ | (0.29) |  |  | $ | (0.41) |  |  | $ | (1.04) |  |  | $ | (0.29) |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration