NOTE 8 — NET LOSS PER COMMON SHARE The following table presents the calculation of basic and diluted net loss per common share (in thousands, except per share amounts): | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2024 | Net loss | | $ | (30,577) | | $ | (11,474) | | | | | | | | Weighted average common shares outstanding (basic and diluted) | | | 147,598 | | | 146,857 | | | | | | | | Net loss per common share (basic and diluted) | | $ | (0.21) | | $ | (0.08) | | | | | | | | Shares excluded due to being anti-dilutive (1) | | | 3,634 | | | 1,982 |
(1) | Includes restricted stock units and cash return on capital employed performance stock units as their effect, if included, would have been anti-dilutive. The total shareholder return performance stock units are not included as they are not likely to attain their applicable performance metric. |
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