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Earnings per share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Loss Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted loss per share for the three and nine months ended September 30, 2024 and 2023:
(Net loss in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Basis loss per share:
Net loss attributable to Common shareholders$(26,954)$(3,770)$(30,334)$(5,084)
Divided by:
Weighted average shares outstanding3,976,0733,965,1863,976,0733,965,186
Basic loss per share of common stock$(6.78)$(0.95)$(7.63)$(1.28)
Diluted loss per share:
Net loss attributable to Common shareholders$(26,954)$(3,770)$(30,334)$(5,084)
Weighted average shares outstanding3,976,0733,965,1863,976,0733,965,186
Effect of potentially dilutive restricted shares of common stock— (1)— (2)— (3)— (4)
Divided by:
Weighted average diluted shares outstanding3,976,0733,965,1863,976,0733,965,186
Diluted loss per share of common stock$(6.78)$(0.95)$(7.63)$(1.28)
(1)
The weighted average diluted shares outstanding does not include 91,697 anti-dilutive restricted shares of common stock for the three months ended September 30, 2024.
(2)
The weighted average diluted shares outstanding does not include 1,651 anti-dilutive restricted shares of common stock for the three months ended September 30, 2023.
(3)
The weighted average diluted shares outstanding does not include 44,296 anti-dilutive restricted shares of common stock for the nine months ended September 30, 2024.
(4)
The weighted average diluted shares outstanding does not include 3,009 anti-dilutive restricted shares of common stock for the nine months ended September 30, 2023.