Quarterly report [Sections 13 or 15(d)]

Earnings per Share (Tables)

v3.25.3
Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Reconciliation from Basic to Diluted Weighted Average Shares Outstanding
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
Three months ended
September 30,		 Nine months ended
September 30,
2025 2024 2025 2024
Weighted average shares outstanding – Basic 113,901,834  116,490,634  115,943,873  116,786,759 
Dilutive effect of unvested common shares and RSUs with service conditions, PSUs considered probable of vesting and assumed stock option exercises and conversions 967,439  696,420  —  638,495 
Weighted average shares outstanding – Diluted 114,869,273  117,187,054  115,943,873  117,425,254 
Calculation of Basic and Diluted Earnings per Share
Basic and diluted income per share are calculated as follows:
Three months ended
September 30,		 Nine months ended
September 30,
2025 2024 2025 2024
Numerator:
Net (loss) income $ (79,255) $ 14,251  $ (76,866) $ 23,767 
Denominator:
Weighted average shares outstanding – Basic 113,901,834  116,490,634  115,943,873  116,786,759 
Weighted average shares outstanding – Diluted 114,869,273  117,187,054  115,943,873  117,425,254 
Net (loss) income per share:
Basic (loss) income per share $ (0.70) $ 0.12  $ (0.66) $ 0.20 
Diluted (loss) income per share $ (0.69) $ 0.12  $ (0.66) $ 0.20 
Anti-dilutive Shares
The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:
Three months ended
September 30,		 Nine months ended
September 30,
2025 2024 2025 2024
Anti-dilutive RSUs and PSUs 725,217  920,355  596,900  419,315 
Anti-dilutive stock options 367,100  367,100  367,100  367,100