Basic earnings per share is computed using the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share of common stock is computed by using the weighted average shares of common stock outstanding, including the dilutive effect of restricted stock units and performance stock units based on an average share price during the period. For the three months ended March 31, 2026, and 2025, 115.0 thousand and 15.0 thousand unvested RSUs and PSUs, respectively, were excluded from the calculation of potential dilutive common shares due to their anti-dilutive impact.


	Three Months Ended
	March 31,
(in thousands, except per share data)	2026		2025
Net income attributable to common shareholders	$	17,805	$	30,411
Less: Dividends paid and earnings allocated to non-forfeitable RSUs	(513)		(416)
Net income used in basic and diluted earnings per share	$	17,292	$	29,995

Basic weighted average shares of common stock	85,942		87,879
Effect of dilutive securities:
RSUs and PSUs	1,335		1,984
Preferred shares	224		743
Diluted weighted average shares of common stock	87,501		90,606

Earnings per share attributable to common shareholders:
Basic	$	0.20	$	0.34
Diluted	$	0.20	$	0.33