v3.25.3
NET INCOME PER SHARE
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
The computation of basic and diluted net income per share for the periods presented in the Condensed Consolidated Financial Statements is shown in the tables below:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands, except per share amounts)
Net income attributable to Class A common shareholders$5,265 $25,763 $35,040 $74,505 
Less: Net income available to participating unvested restricted Class A common shareholders(1)
(3,398)(4,755)(9,831)(13,636)
Total net income attributable to Class A common shareholders
$1,867 $21,008 $25,209 $60,869 
Weighted average shares outstanding - basic
61,866 59,811 61,256 59,116 
Dilutive effect of unvested Class A common shares(2)
562 613 864 736 
Weighted average shares outstanding - diluted(3)
62,428 60,424 62,120 59,852 
Net income available per common share - basic
$0.03 $0.35 $0.41 $1.03 
Net income available per common share - diluted
$0.03 $0.35 $0.41 $1.02 
(1)Represents dividends paid to unvested Class A and Class C Shares, RSUs and PSUs.
(2)Includes dilutive effect from both RSUs and PSUs on unvested Class A common shares.
(3)The effect of an assumed exchange of outstanding Common Units (and the cancellation of a corresponding number of shares of outstanding Class C Common Stock) would have been anti-dilutive for all periods presented in which the Common Units were outstanding.