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Net Income (Loss) Per Share (Tables)

6 Months Ended

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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- References

No definition available.

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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

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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

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