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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | 17. Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2025 and 2024.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income (loss) |  | $ | (4,719,000 | ) |  | $ | 4,047,000 |  |  | $ | 3,942,000 |  |  | $ | 7,734,000 |
Less net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | 7,000 |  |  |  | (3,000 | ) |  |  | 6,000 |
Net income available to common stockholders |  | $ | (4,719,000 | ) |  | $ | 4,040,000 |  |  | $ | 3,945,000 |  |  | $ | 7,728,000 |
Weighted-average common shares outstanding - basic |  |  | 40,399,958 |  |  |  | 39,890,606 |  |  |  | 40,296,571 |  |  |  | 39,830,002 |
Dilutive effect of unvested shares |  |  | 422,481 |  |  |  | — |  |  |  | 239,021 |  |  |  | — |
Weighted-average common shares used to compute diluted loss per share |  |  | 40,822,439 |  |  |  | 39,890,606 |  |  |  | 40,535,592 |  |  |  | 39,830,002 |
Net income (loss) per share attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.12 | ) |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.19 |
Diluted |  | $ | (0.12 | ) |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.19 |
Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is calculated by adjusting the weighted-average number of common shares outstanding for the potential dilutive effect of securities, if applicable. For the three and six months ended June 30, 2025, the Company had 0 and 300,000 antidilutive shares outstanding, respectively. These restricted stock units were excluded from the computation of diluted net income per share because the effect would be anti-dilutive. The Company had no anti-dilutive shares outstanding as of December 31, 2024.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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