| Earnings Per Common Share |
13. Earnings Per Common Share Basic earnings per share is calculated by dividing net income available for common stockholders by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share is calculated by dividing net income available for common stockholders by the weighted average number of shares of common stock outstanding, adjusted for the potentially dilutive effect of outstanding performance-based stock and restricted stock. The following table provides the inputs to the calculations of basic and diluted earnings per common share (share amounts not in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | Income (loss) from continuing operations | $ | (365,849) | | | $ | 8,173 | | | $ | (397,801) | | | $ | 6,603 | | | Income from continuing operations attributable to redeemable noncontrolling interest | 18 | | | — | | | 36 | | | — | | | Income (loss) from continuing operations attributable to RYAM | (365,867) | | | 8,173 | | | (397,837) | | | 6,603 | | | Redeemable noncontrolling interest adjustment to redemption value | (481) | | | — | | | (889) | | | — | | | Income (loss) from continuing operations attributable to RYAM common stockholders | (366,348) | | | 8,173 | | | (398,726) | | | 6,603 | | | Income from discontinued operations, net of tax attributable to RYAM | 2,670 | | | 3,217 | | | 2,670 | | | 3,217 | | | Net income (loss) attributable to RYAM common stockholders | $ | (363,678) | | | $ | 11,390 | | | $ | (396,056) | | | $ | 9,820 | | | | | | | | | | | Weighted average shares used in determining basic earnings per common share | 66,875,897 | | | 65,716,362 | | | 66,551,962 | | | 65,582,651 | | | Dilutive effect of: | | | | | | | | | Stock options | — | | | — | | | — | | | 3 | | | Performance and restricted stock | — | | | 3,073,949 | | | — | | | 2,423,674 | | | Weighted average shares used in determining diluted earnings per common share | 66,875,897 | | | 68,790,311 | | | 66,551,962 | | | 68,006,328 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Anti-dilutive instruments excluded from the computation of diluted earnings per share included (not in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | Stock options | — | | | — | | | — | | | 1,497 | | | Performance and restricted stock | 2,760,125 | | | 421 | | | 2,760,125 | | | 6,376 | | | Total anti-dilutive instruments | 2,760,125 | | | 421 | | | 2,760,125 | | | 7,873 | |
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