v3.25.2
Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share, Basic and Diluted

The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), basic

 

$

3.7

 

 

$

4.6

 

 

$

5.0

 

 

$

28.6

 

Add convertible notes interest

 

 

 

 

 

0.2

 

 

 

 

 

 

0.4

 

Net income (loss), diluted

 

$

3.7

 

 

$

4.8

 

 

$

5.0

 

 

$

29.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

 

42.0

 

 

 

43.8

 

 

 

42.1

 

 

 

43.7

 

Dilutive effect of stock-based awards

 

 

0.7

 

 

 

1.1

 

 

 

0.8

 

 

 

1.2

 

Dilutive effect of convertible notes

 

 

0.6

 

 

 

1.7

 

 

 

0.6

 

 

 

1.7

 

Weighted average shares outstanding, diluted

 

 

43.3

 

 

 

46.6

 

 

 

43.5

 

 

 

46.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.09

 

 

$

0.10

 

 

$

0.12

 

 

$

0.65

 

Diluted earnings (loss) per share

 

$

0.09

 

 

$

0.10

 

 

$

0.11

 

 

$

0.62