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NOTE 9 — NET INCOME (LOSS) PER COMMON SHARE
The following table presents the calculation of basic and diluted net income (loss) per common share (in thousands, except per share amounts):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
Net income (loss) |
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$ |
12,561 |
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$ |
(20,884) |
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$ |
(9,969) |
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$ |
(51,461) |
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Weighted average common shares outstanding - basic |
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149,705 |
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147,847 |
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149,244 |
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147,723 |
Dilutive effect of securities |
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7,952 |
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— |
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— |
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— |
Weighted average common shares outstanding - diluted |
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157,657 |
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147,847 |
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149,244 |
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147,723 |
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Net income (loss) per common share: |
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Basic |
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$ |
0.08 |
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$ |
(0.14) |
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$ |
(0.07) |
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$ |
(0.35) |
Diluted |
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$ |
0.08 |
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$ |
(0.14) |
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$ |
(0.07) |
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$ |
(0.35) |
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Shares excluded due to being anti-dilutive (1) |
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5,495 |
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14,737 |
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17,142 |
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14,737 |
| (1) |
Includes RSUs and PSUs as their effect, if included, would have been anti-dilutive. |
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