Earnings (Loss) Per Share |
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| Earnings (Loss) Per Share | 8. Earnings (Loss) Per Share The reconciliation of basic and diluted earnings (loss) per share on common stock for the first quarter of 2026 and 2025 is as follows:
Due to the Company’s net loss in the first quarter of 2026, potentially dilutive share awards outstanding, primarily related to non-employee directors deferred compensation plan and performance shares (see Stock-Based Compensation footnote for a description of performance shares), of 0.5 million had an anti-dilutive effect on diluted earnings per share and were excluded from the computation. Potentially dilutive shares outstanding for the first quarter of 2025 were primarily related to deferred common stock associated with the non-employee directors deferred compensation plan and performance shares. Dividends paid per share for Class A and Class B common stock were $0.075 for the first quarter of 2026 and 2025. In November 2024, the Company's board of directors authorized a $50.0 million Class A share repurchase program that expires on December 2, 2026. During the first quarter of 2026 and 2025, the Company did not repurchase any Class A shares under the repurchase program. A total of $30.0 million remained available under the share repurchase program as of first quarter-end 2026.
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