
	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2026		2025		2026		2025
Numerator
Net income (loss)	$	(8,908)	$	247	$	(17,962)	$	6,359

Denominator
Denominator for basic net income (loss) per share - weighted average outstanding shares of common stock	269,602,747		262,565,500		268,331,812		249,106,383
Dilutive effect of common stock options and SARs	—		3,355,271		—		2,899,471
Dilutive effect of RSUs	—		2,959,976		—		2,688,180
Dilutive effect of warrants	—		2,215,180		—		1,836,580
Dilutive effect of ESPP	—		8,093		—		8,451
Denominator for diluted net income (loss) per share - weighted average outstanding shares of common stock and assumed conversions	269,602,747		271,104,020		268,331,812		256,539,065
Basic net income (loss) per share	$	(0.03)	$	—	$	(0.07)	$	0.03
Diluted net income (loss) per share	$	(0.03)	$	—	$	(0.07)	$	0.02

Potentially dilutive securities including common stock options, RSUs, SARs and warrants have been excluded from the calculation of diluted net loss per share as their effects would be anti-dilutive. For the three and six months ended June 30, 2026 in which the Company reported a net loss, the weighted average number of shares outstanding used to calculate both basic and diluted net loss per share were the same. The shares in the table below were excluded from the calculation of diluted net loss per share, prior to the use of the treasury stock method, due to their anti-dilutive effect: