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NOTE 13 — NET (LOSS) INCOME PER SHARE
The following table presents the calculation of basic and diluted net (loss) income per common share (in thousands, except per share amounts):
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Year Ended December 31, |
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2024 |
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2023 |
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2022 |
Net (loss) income |
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$ |
(87,145) |
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$ |
15,598 |
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$ |
231,149 |
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Weighted average common shares outstanding - basic |
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147,133 |
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146,483 |
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143,143 |
Dilutive effect of securities |
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— |
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1,819 |
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1,947 |
Weighted average common shares outstanding - diluted |
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147,133 |
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148,302 |
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145,090 |
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Net (loss) income per common share: |
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Basic |
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$ |
(0.59) |
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$ |
0.11 |
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$ |
1.61 |
Diluted |
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$ |
(0.59) |
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$ |
0.11 |
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$ |
1.59 |
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Shares excluded due to being anti-dilutive (1) |
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4,069 |
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— |
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— |
(1) |
Includes RSUs and the CROCE PSUs as their effect, if included would have been anti-dilutive. The TSR PSUs are not included as they are not likely to attain their applicable performance metric. |
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