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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share attributable to class A common shares, class A common shares designated as class A-2 common shares, and class B common shares:
|  | Quarters Ended March 31, |
(Dollars in thousands, except share and per share data) |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |
Net income (loss) |  | $ | (3,989 | ) |  | $ | 11,366 |
Less: preferred stock distributions |  |  | 110 |  |  |  | 110 |
Net income available to common shareholders |  | $ | (4,099 | ) |  | $ | 11,256 |
Denominator: |  |  |  |  |  |
Weighted average shares for basic earnings per share |  |  | 13,867,271 |  |  |  | 13,579,210 |
Non-vested restricted stock units |  |  | — |  |  |  | 47,335 |
Options |  |  | — |  |  |  | 60,867 |
Weighted average shares for diluted earnings per share |  |  | 13,867,271 |  |  |  | 13,687,412 |
Net income per share available to common shareholders (1) |  |  |  |  |  |
Basic |  | $ | (0.30 | ) |  | $ | 0.83 |
Diluted |  | $ | (0.30 | ) |  | $ | 0.82 |
(1) For the quarter ended March 31, 2025, “weighted average shares outstanding - basic” was used to calculate “diluted earnings per share” due to a net loss for the period.

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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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