Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 105

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 105
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,326 103,555,755 104,030,680 103,478,847 Effect of dilutive shares issued in an assumed vesting of performance share units— 355,057 — 428,728 Effect of dilutive shares issued in an assumed conversion— — — 9,229,054 Diluted weighted average common shares104,084,326 103,910,812 104,030,680 113,136,629 Diluted (loss) earnings per weighted average common share$(2.62)$0.43 $(3.51)$2.16 For the three and six months ended June 30, 2025 and the three months ended June 30, 2024, excluded from the calculation of diluted earnings per share was the effect of adding undistributed earnings reallocated to 543,891, 683,614 and 718,748 weighted average participating RSUs, respectively, as their inclusion would have been antidilutive under the two-class method. For the six months ended June 30, 2024, participating RSUs were included in the calculations of basic and diluted earnings per share under the two-class method, as it was more dilutive than the alternative treasury stock method.For the three and six months ended June 30, 2025, excluded from the calculation of diluted earnings per share was the effect of adding 502,809 and 623,672 weighted average common share equivalents, respectively, related to the assumed vesting of outstanding PSUs, as their inclusion would have been antidilutive under the two-class method. For the three and six months ended June 30, 2024, the assumed vesting of outstanding PSUs was included in the calculation of diluted earnings per share under the two-class method, as it was more dilutive than the alternative treasury stock method. For the three and six months ended June 30, 2025 and the three months ended June 30, 2024, excluded from the calculation of diluted earnings per share was the effect of adding back $4.4 million, $8.9 million and $4.6 million of interest expense and 8,871,339, 8,871,339 and 9,146,808 weighted average common share equivalents, respectively, related to the assumed conversion of the Company’s convertible senior notes, as their inclusion would have been antidilutive under the two-class method. For the six months ended June 30