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Net Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net Income Per Share | The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except for per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic net income (loss) per common share calculation: |  |  |  |  |  |  |
Net income (loss) attributable to Sonida shareholders | $ | (1,563) |  |  | $ | (9,816) |  |  | $ | (14,092) |  |  | $ | 17,203 |
Less: Dividends on Series A Preferred Stock | (1,409) |  |  | — |  |  | (2,818) |  |  | — |
Less: Undeclared dividends on Series A Preferred Stock | — |  |  | (1,372) |  |  | — |  |  | (2,707) |
Less: Undistributed earnings allocated to participating securities | — |  |  | — |  |  | — |  |  | (1,425) |
Net income (loss) attributable to common shareholders | $ | (2,972) |  |  | $ | (11,188) |  |  | $ | (16,910) |  |  | $ | 13,071 |
Weighted average shares outstanding — basic | 18,093 |  |  | 13,014 |  |  | 18,070 |  |  | 11,438 |
Basic net income (loss) per share | $ | (0.16) |  |  | $ | (0.86) |  |  | $ | (0.94) |  |  | $ | 1.14 |
Diluted net income (loss) per common share calculation: |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | (2,972) |  |  | $ | (11,188) |  |  | $ | (16,910) |  |  | $ | 13,071 |
Weighted average shares outstanding — diluted | 18,093 |  |  | 13,014 |  |  | 18,070 |  |  | 12,143 |
Diluted net income (loss) per share | $ | (0.16) |  |  | $ | (0.86) |  |  | $ | (0.94) |  |  | $ | 1.08 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(shares in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Weighted average shares outstanding - diluted reconciliation: |  |  |  |  |  |  |
Weighted average shares outstanding — basic | 18,093 |  |  | 13,014 |  |  | 18,070 |  |  | 11,438 |
Dilutive effect of share-based instruments | — |  |  | — |  |  | — |  |  | 705 |
Weighted average shares outstanding — diluted | 18,093 |  |  | 13,014 |  |  | 18,070 |  |  | 12,143 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(shares in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Warrants |  | 1,031 |  | 1,031 |  | 1,031 |  | 1,031
Series A Preferred Stock (if converted) |  | 1,281 |  | 1,264 |  | 1,281 |  | 1,247
Restricted stock awards |  | 784 |  | 972 |  | 834 |  | 141
Restricted stock units |  | 113 |  | 2 |  | 60 |  | 1
Stock options |  | 10 |  | 10 |  | 10 |  | 10
Total |  | 3,219 |  | 3,279 |  | 3,216 |  | 2,430

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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