Basic EPS is calculated by dividing net income (loss) by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic EPS. Diluted EPS is calculated by dividing net income by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding share-based awards using the treasury stock method. Due to the Company’s loss position, the share-based payment awards are anti-dilutive.

The following table provides share information used in the calculation of the Company's basic and diluted EPS (in thousands):

The Company had a net loss during the six-month period ended June 30, 2026, and 2025, respectively, and therefore all potential common shares would have been anti-dilutive and accordingly were excluded from the computation of diluted EPS. The Company incurred net income during the three-month period ended June 30, 2026, and a net loss for the corresponding period ended June 30, 2025. Stock options and/or SARs of 2.2 million shares and 1.8 million shares were outstanding at June 30, 2026, and 2025, respectively. Restricted and performance stock units totaling 1.3 million were outstanding at both June 30, 2026, and 2025, respectively. There was 0.4 million and 0.2 million of securities for the three-month periods ended June 30, 2026, and 2025, respectively, that were considered to be dilutive in the computation of diluted EPS.