| EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2026, and 2025 ($ in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2026 | | 2025 | | | | | | Earnings per common share - basic: | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | $ | (24,670) | | | $ | 21,093 | | | | | | Net loss (income) attributable to noncontrolling interests in CPLP from continuing operations | 4 | | | (3) | | | | | | | Net income attributable to other noncontrolling interests | (190) | | | (193) | | | | | | | Net income available to common stockholders | $ | (24,856) | | | $ | 20,897 | | | | | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 166,399 | | | 167,809 | | | | | | | | | | | | | | | | | | | | | | | Net income per common share - basic | $ | (0.15) | | | $ | 0.12 | | | | | | | | | | | | | | | Earnings per common share - diluted: | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | $ | (24,670) | | | $ | 21,093 | | | | | | Net loss attributable to noncontrolling interests in CPLP from continuing operations | 4 | | | — | | | | | | | Net income (loss) attributable to other noncontrolling interests | (190) | | | (193) | | | | | | | Net income (loss) available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP | $ | (24,856) | | | $ | 20,900 | | | | | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 166,399 | | | 167,809 | | | | | | | Add: | | | | | | | | | | | | | | | | Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price | — | | | 759 | | | | | | Weighted average units of CPLP convertible into common shares | — | | | 25 | | | | | | | Weighted average common shares - diluted | 166,399 | | | 168,593 | | | | | | | | | | | | | | | | | | | | | | | Net income per common share - diluted | $ | (0.15) | | | $ | 0.12 | | | | | | | | | | | | | | | | | | | | | |
The treasury stock method resulted in no dilution from shares expected to be issued under forward contracts for the future sales of common stock under the Company's ATM Program or from shares expected to be issued under the Company's ESPP during the respective periods presented.
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