XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.25.3

COMMON STOCK AND EARNINGS PER SHARE | 9 Months Ended
--- | ---
Sep. 30, 2025
Earnings Per Share [Abstract] |
COMMON STOCK AND EARNINGS PER SHARE | ​ ​ NOTE 13. COMMON STOCK AND EARNINGS PER SHARE ​ Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders during the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods. Effective as of January 1, 2022, diluted earnings per common share also reflects the 2025 Notes (hereinafter defined) on an if-converted basis. The following is a reconciliation of basic and diluted earnings per common share for each of the periods presented (in thousands, except share and per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ |  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Basic and Diluted Earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income (Loss) Attributable to Common Stockholders, Used in Basic EPS | ​ | $ | 1,036 | ​ | $ | 4,349 | ​ | $ | (23,877) | ​ | $ | 8,316
Add Back: Effect of Dilutive Interest Related to 2025 Notes (1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net Income (Loss) Attributable to Common Stockholders, Used in Diluted EPS | ​ | $ | 1,036 | ​ | $ | 4,349 | ​ | $ | (23,877) | ​ | $ | 8,316
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic and Diluted Shares: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted Average Shares Outstanding, Basic | ​ | ​ | 32,651,101 | ​ | ​ | 25,445,411 | ​ | ​ | 32,298,304 | ​ | ​ | 23,601,389
Common Shares Applicable to Unvested Restricted Stock Using the Treasury Stock Method | ​ | ​ | 31,674 | ​ | ​ | 76,338 | ​ | ​ | 15,591 | ​ | ​ | 23,980
Common Shares Applicable to Dilutive Effect of 2025 Notes (2) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Weighted Average Shares Outstanding, Diluted | ​ | ​ | 32,682,775 | ​ | ​ | 25,521,749 | ​ | ​ | 32,313,895 | ​ | ​ | 23,625,369
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Per Share Information: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income (Loss) Attributable to Common Stockholders | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic and Diluted | ​ | $ | 0.03 | ​ | $ | 0.17 | ​ | $ | (0.74) | ​ | $ | 0.35
(1) | The 2025 Notes were settled during the nine months ended September 30, 2025. As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in net income or loss that would result from the assumed conversion of the 2025 Notes to derive FFO (as defined herein) effective January 1, 2022 due to the implementation of ASU 2020-06 which requires presentation on an if-converted basis. For the nine months ended September 30, 2025, a total of $0.6 million of interest was not included, as the impact of the 2025 Notes, if-converted, would be antidilutive to net loss attributable to common stockholders for the period. For the three and nine months ended September 30, 2024, a total of $0.5 million and $1.6 million of interest was not included, respectively, as the impact of the 2025 Notes, if-converted, would be antidilutive to net income attributable to common stockholders for the respective period s.
(2) | The 2025 Notes were settled during the nine months ended September 30, 2025. During the nine months ended September 30, 2025, the Company issued 1,089,555 shares of the Company’s common stock in connection with the settlement of the 2025 Notes and such shares were included in the basic and diluted weighted average share count for the period. Due to the implementation of ASU 2020-06, a total of 1.3 million shares, representing the dilutive impact of the 2025 Notes, were not included in the computation of diluted net loss per share attributable to common stockholders for the nine months ended September 30, 2025, because they were antidilutive to the net loss attributable to common stockholders for the period. Due to the implementation of ASU 2020-06, a total of 3.7 million shares and 3.6 million shares, representing the dilutive impact of the 2025 Notes, were not included in the computation of diluted net income per share attributable to common stockholders for the three and nine months ended September 30, 2024, respectively, because they were antidilutive to net income attributable to common stockholders for the respective periods.
​ There were 31,674 and 15,591 potentially dilutive shares related to the Company’s restricted stock for the three and nine months ended September 30, 2025, respectively. There were 76,338 and 23,980 potentially dilutive shares related to the Company’s restricted stock for the three and nine months ended September 30, 2024, respectively.

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