v3.26.1
Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:        
Net income (loss) attributable to common shareholders $ 20,659 $ 7,424 $ (9,042) $ (36,154)
Less: Dividends paid on unvested share-based compensation (8) (8) (15) (17)
Less: Undistributed earnings attributable to share-based compensation (125) (45) 0 0
Net income (loss) available to common shareholders — basic 20,526 7,371 (9,057) (36,171)
Plus: Interest expense on convertible notes 1,531      
Net income (loss) available to common shareholders — diluted $ 22,057 $ 7,371 $ (9,057) $ (36,171)
Denominator:        
Weighted-average number of common shares — basic (in shares) 112,741,241 118,172,417 113,034,743 118,685,483
Effect of dilutive share-based compensation (in shares) 624,642 211,029 0 0
Effect of dilutive convertible notes (in shares) 13,739,215 0 0 0
Weighted-average number of common shares — diluted (in shares) 127,105,098 118,383,446 113,034,743 118,685,483
Net income (loss) per share available to common shareholders — basic (in usd per share) $ 0.18 $ 0.06 $ (0.08) $ (0.30)
Net income (loss) per share available to common shareholders — diluted (in usd per share) $ 0.17 $ 0.06 $ (0.08) $ (0.30)