We provide a dual presentation of our net income (loss) per common share in our unaudited condensed consolidated statements of operations: basic net income (loss) per common share (“Basic EPS”) and diluted net income (loss) per common share (“Diluted EPS”).

Basic EPS excludes dilution and is determined by dividing the earnings attributable to common stockholders by the weighted average number of common shares outstanding during the period.

Diluted EPS is based on the weighted average number of common shares outstanding plus the dilutive effect of potential common shares, including stock options and non-vested performance units and non-vested restricted stock units. The dilutive effect of stock options, non-vested performance units and non-vested restricted stock units is determined using the treasury stock method.

The following table presents information necessary to calculate net income (loss) per share for the three months ended March 31, 2026 and 2025 as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive (in thousands, except per share amounts):


	Three Months Ended March 31,
		2026		2025
BASIC EPS:
Net income (loss) attributable to common stockholders		$	(24,627)	$	1,005
Weighted average number of common shares outstanding, excluding non-vested restricted stock units		379,587		386,521
Basic net income (loss) per common share		$	(0.06)	$	0.00

DILUTED EPS:
Net income (loss) attributable to common stockholders		$	(24,627)	$	1,005
Weighted average number of common shares outstanding, including non-vested restricted stock units		379,587		387,044


Diluted net income (loss) per common share		$	(0.06)	$	0.00
Potentially dilutive securities excluded as anti-dilutive		9,969		2,488