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NET EARNINGS (LOSS) PER SHARE
3 Months Ended
Mar. 31, 2026
NET EARNINGS (LOSS) PER SHARE  
NET EARNINGS (LOSS) PER SHARE

6 – NET EARNINGS (LOSS) PER SHARE

The computation of basic net earnings (loss) per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted net earnings (loss) per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 13 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.

There were 286,254 stock options, 324,695 performance based restricted stock units and 626,521 restricted stock units excluded from the computation of diluted net loss per share during the three months ended March 31, 2025 because they were anti-dilutive (refer to Note 13 — Stock-Based Compensation).

The components of the denominator for the calculation of basic and diluted net earnings (loss) per share are as follows:

For the Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Common shares outstanding, basic:

Weighted-average common shares outstanding, basic

43,706,069

 

43,201,941

Common shares outstanding, diluted:

Weighted-average common shares outstanding, basic

43,706,069

 

43,201,941

Dilutive effect of stock options

37,897

Dilutive effect of performance-based restricted stock units

204,948

Dilutive effect of restricted stock units

462,308

 

Weighted-average common shares outstanding, diluted

44,411,222

 

43,201,941