|
10.
EARNINGS PER SHARE.
The following tables compute basic and diluted
earnings per share (in thousands, except per share data):
| |
|
Three
Months Ended September 30, 2025 |
|
| |
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net income |
|
$ |
14,208 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income attributable to common stockholders |
|
$ |
13,889 |
|
|
|
74,777 |
|
|
$ |
0.19 |
|
| |
|
Nine Months Ended September 30, 2025 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss |
|
$ |
(8,468 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss attributable to common stockholders |
|
$ |
(9,414 |
) |
|
|
74,415 |
|
|
$ |
(0.13 |
) |
| |
|
Three
Months Ended September 30, 2024 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss |
|
$ |
(2,441 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss attributable to common stockholders |
|
$ |
(2,760 |
) |
|
|
73,835 |
|
|
$ |
(0.04 |
) |
| |
|
Nine Months Ended September 30, 2024 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss |
|
$ |
(17,272 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(950 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss attributable to common stockholders |
|
$ |
(18,222 |
) |
|
|
73,364 |
|
|
$ |
(0.25 |
) |
There were an additional aggregate potentially
dilutive weighted-average shares of 981,000 from convertible securities outstanding for the three and nine months ended September 30,
2025 and September 30, 2024. These securities were not considered in calculating diluted net income (loss) per share for the three and
nine months ended September 30, 2025 and 2024, as their effects would have been anti-dilutive.
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