Note 10—Dividends and Earnings Per Share We paid cash dividends during 2026 and 2025 as follows: | | | | | | | | Declaration Date | | Record Date | | Date Paid | | Amount Per Share | February 19, 2025 | | March 31, 2025 | | April 15, 2025 | | $ | 0.08 | April 30, 2025 | | June 30, 2025 | | July 15, 2025 | | $ | 0.08 | July 30, 2025 | | September 30, 2025 | | October 15, 2025 | | $ | 0.08 | October 29, 2025 | | December 31, 2025 | | January 15, 2026 | | $ | 0.08 | February 17, 2026 | | March 31, 2026 | | April 15, 2026 | | $ | 0.08 | April 30, 2026 | | June 30, 2026 | | July 15, 2026 | | $ | 0.08 |
The payment of future dividends is contingent upon our revenue and earnings, capital requirements and our general financial condition, as well as contractual restrictions and other considerations deemed relevant by the Board of Directors. The table below presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 (in millions, except per share amounts). | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Numerator: | | | | | | | | | | | | | Net (loss) income | | $ | (24.2) | | $ | 84.3 | | $ | (6.7) | | $ | 128.6 | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average shares for computation of basic earnings per share: | | | 54.0 | | | 54.0 | | | 54.1 | | | 53.9 | Dilutive effect of stock-based awards (1) | | | — | | | 0.8 | | | — | | | 0.9 | Weighted average shares for computation of diluted earnings per share | | | 54.0 | | | 54.8 | | | 54.1 | | | 54.8 | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | | Basic | | $ | (0.45) | | $ | 1.56 | | $ | (0.12) | | $ | 2.38 | Diluted | | $ | (0.45) | | $ | 1.54 | | $ | (0.12) | | $ | 2.35 |
| (1) | The dilutive effect of stock-based awards of 0.6 million and 0.7 million for the three and six months ended June 30, 2026, respectively, were excluded from the weighted average diluted shares outstanding for the three and six months ended June 30, 2026, as their inclusion would be anti-dilutive. |
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