v3.26.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2026
EARNINGS (LOSS) PER SHARE  
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)

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

-

-

-