| Schedule computation of basic and diluted EPS |
The computation of basic and diluted earnings per share (“EPS”) is shown on the following page: | | | | | | | (In thousands, except per share amounts) | | Three months ended March 31, | | | 2026 | | 2025 | Earnings attribution | | | | | | | Class A common stock | | $ | (16,674) | | $ | (8,269) | Class A restricted stock awards | | | - | | | — | Class B common stock | | | (1,647) | | | (1,935) | Class B restricted stock awards | | | — | | | — | Forfeitable dividends declared on unvested stock-based awards | | | 2 | | | 747 | Net loss | | $ | (18,319) | | $ | (9,457) |
| | | | | | | | | | | | | | | Three months ended March 31, 2026 | | Three months ended March 31, 2025 | | | Class A | | Class B | | Class A | | Class B | Dual class EPS calculations | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | Net earnings (loss) for basic and diluted earnings per common share | | $ | (16,674) | | $ | (1,647) | | $ | (8,269) | | $ | (1,935) | Add: Class B net diluted earnings per diluted share | | | — | | | — | | | (1,935) | | | — | Net diluted earnings (loss) per diluted share | | $ | (16,674) | | $ | (1,647) | | $ | (10,204) | | $ | (1,935) | Denominator | | | | | | | | | | | | | Weighted average shares used to compute basic earnings per share | | | 55,447 | | | 11,129 | | | 43,850 | | | 9,710 | Dilutive effect of conversion of Class B common stock to Class A common stock | | | — | | | — | | | 9,151 | | | — | Weighted average shares used to compute diluted earnings per share | | $ | 55,447 | | $ | 11,129 | | $ | 53,001 | | $ | 9,710 | | | | | | | | | | | | | | Earnings (loss) per common share | | | | | | | | | | | | | Basic | | $ | (0.30) | | $ | (0.15) | | $ | (0.19) | | $ | (0.20) | Diluted | | $ | (0.30) | | $ | (0.15) | | $ | (0.19) | | $ | (0.20) |
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| Schedule of antidilutive shares excluded from the dilutive EPS calculation |
| | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Three Months Ended March 31, 2025 | | | Class A | | Class B | | Class A | | Class B | Antidilutive options | | 50,000 | | 12,761 | | 648,712 | | 143,792 | Antidilutive RSUs | | 987,735 | | 14,294 | | 665,777 | | 37,779 | Antidilutive PSUs (at target) | | 1,428,779 | | 25,801 | | 1,568,326 | | 230,638 | Antidilutive convertible senior notes | | 10,538,370 | | - | | - | | - |
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