| Schedule of Earnings Per Share, Basic and Diluted |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For The Three Months Ended September 30, | | For The Nine Months Ended September 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | | | | | | | | | Net income | | $ | 6,356 | | | $ | 83,949 | | | $ | 163,950 | | | $ | 176,685 | | | Dividends on Series A convertible preferred stock | | (6,913) | | | (6,875) | | | (20,588) | | | (20,512) | | | Income allocated to participating preferred stock | | — | | | (6,702) | | | (12,357) | | | (13,605) | | | Net (loss) income attributable to common stockholders | | $ | (557) | | | $ | 70,372 | | | $ | 131,005 | | | $ | 142,568 | | | | | | | | | | | Effect of dilutive securities: | | | | | | | | | Allocation of earnings to participating securities | | $ | — | | | $ | 6,702 | | | $ | 12,357 | | | $ | 13,605 | | Reallocation of earnings to participating securities | | — | | | (6,540) | | | (12,154) | | | (13,263) | | | Net (loss) income available to common stockholders after assumed conversions | | $ | (557) | | | $ | 70,534 | | | $ | 131,208 | | | $ | 142,910 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average basic common shares outstanding | | 233,696 | | | 231,006 | | | 233,219 | | | 230,523 | | Dilutive effect of common shares | | — | | | 6,267 | | | 4,261 | | | 6,363 | | Weighted average diluted common shares outstanding | | 233,696 | | | 237,273 | | | 237,480 | | | 236,886 | | | | | | | | | | | | (Loss) earnings per share: | | | | | | | | | | Basic | | $ | (0.00) | | | $ | 0.30 | | | $ | 0.56 | | | $ | 0.62 | | | Dilutive | | $ | (0.00) | | | $ | 0.30 | | | $ | 0.55 | | | $ | 0.60 | |
(1) Forward Stock Split - The share numbers have been retrospectively adjusted to reflect the three-for-one stock split that became effective on November 13, 2023. See Note 2. Basis of Presentation and Summary of Significant Accounting Policies for more information.
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