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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
12. EARNINGS PER SHARE

The weighted average number of common shares used in the diluted earnings (loss) per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards. The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings (loss) per share:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(In millions)
Weighted average common shares outstanding50.5 52.3 50.5 53.0 
Assumed exercise/vesting of equity awards (1)— — — — 
Weighted average diluted common shares outstanding50.5 52.3 50.5 53.0 
 
(1)For the three and six months ended June 30, 2025 and 2024, the weighted average common shares outstanding is the same for the computations of both basic and diluted shares outstanding because the Company had a net loss for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million and 0.8 million for the three months ended June 30, 2025 and 2024, respectively, and 1.2 million and 0.6 million for the six months ended June 30, 2025 and 2024, respectively.