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Earnings (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of Basic Earnings Per Share The table below provides a reconciliation of net loss and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares.

(in thousands except per share amounts)

 

Year Ended December 31,

 

 

2025

 

 

2024

 

 

Numerator - Basic and Diluted

 

 

 

 

 

 

 

Net loss

 

$

(68,215

)

 

$

(153,536

)

 

Preferred dividends

 

 

(4,900

)

 

 

(4,900

)

 

Net loss attributable to common shareholders - Basic and Diluted

 

$

(73,115

)

 

$

(158,436

)

 

 

 

 

 

 

 

 

 

Denominator - Basic and Diluted

 

 

 

 

 

 

 

Weighted-average Class A common shares outstanding

 

 

56,314

 

 

 

56,255

 

 

Weighted-average Class A common shares outstanding - Basic

 

 

56,314

 

 

 

56,255

 

 

Weighted-average Class A common shares outstanding - Diluted

 

 

56,314

 

 

 

56,255

 

 

 

 

 

 

 

 

 

 

Loss per share attributable to Class A common shareholders - Basic

 

$

(1.30

)

 

$

(2.82

)

 

Loss per share attributable to Class A common shareholders - Diluted

 

$

(1.30

)

 

$

(2.82

)