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Earnings (Loss) per Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Note 12 – Earnings (Loss) 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) |  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Numerator - Basic and Diluted |  |  |  |  |  |
Net loss |  | $ | (30,318 | ) |  | $ | (22,202 | )
Preferred dividends |  |  | (1,225 | ) |  |  | (1,225 | )
Net loss attributable to common shareholders - Basic and Diluted |  | $ | (31,543 | ) |  | $ | (23,427 | )
Denominator - Basic and Diluted |  |  |  |  |  |
Weighted-average Class A common shares outstanding |  |  | 56,324 |  |  |  | 56,283 |
Weighted-average Class A common shares outstanding - Basic |  |  | 56,324 |  |  |  | 56,283 |
Weighted-average Class A common shares outstanding - Diluted |  |  | 56,324 |  |  |  | 56,283 |
Loss per share attributable to Class A common shareholders - Basic |  | $ | (0.56 | ) |  | $ | (0.42 | )
Loss per share attributable to Class A common shareholders - Diluted |  | $ | (0.56 | ) |  | $ | (0.42 | )
No adjustments were made to the numerator for the three months ended March 31, 2026 and 2025, respectively, because the Company generated a net loss. During periods of net loss, undistributed losses are not allocated to the participating securities as they are not required to absorb losses. No adjustments were made to the denominator for the three months ended March 31, 2026 and 2025, respectively, as there were no outstanding non-vested restricted shares.

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