v3.25.2
Earnings Per Share (“EPS”)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share (“EPS”) Earnings Per Share ("EPS")
Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards as well as adjusted by the number of additional shares, if any, that would have been outstanding had the potentially dilutive common shares been issued.
The following table provides a reconciliation of income (loss) from continuing operations to net income (loss) from continuing operations available to A&B common shareholders and net income (loss) available to A&B common shareholders (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Income (loss) from continuing operations$25,151 $11,733 $46,445 $31,971 
Distributions and allocations to participating securities— (4)— (12)
Income (loss) from continuing operations available to A&B shareholders25,151 11,729 46,445 31,959 
Income (loss) from discontinued operations(23)(2,625)116 (2,881)
Net income (loss) available to A&B common shareholders$25,128 $9,104 $46,561 $29,078 
The number of shares used to compute basic and diluted earnings per share is as follows (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Denominator for basic EPS - weighted average shares outstanding72,743 72,615 72,713 72,580 
Effect of dilutive securities:
Restricted stock unit awards125 77 129 94 
Denominator for diluted EPS - weighted average shares outstanding72,868 72,692 72,842 72,674 

The number of anti-dilutive securities, excluded from the calculation of diluted earnings per common share, consisted of the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Number of anti-dilutive securities100 190 83 202