v3.26.1
Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Loss Per Share

The components of basic and diluted income (loss) per share for the three and six months ended June 30, 2026 and 2025, are as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income (loss) from continuing operations attributable to Pursuit

 

$

15,490

 

 

$

4,511

 

 

$

(9,427

)

 

$

(26,494

)

(Loss) income from discontinued operations, net of tax

 

 

(318

)

 

 

1,135

 

 

 

(339

)

 

 

1,004

 

Net income (loss) attributable to Pursuit

 

$

15,172

 

 

$

5,646

 

 

$

(9,766

)

 

$

(25,490

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average outstanding common shares

 

 

27,702

 

 

 

28,256

 

 

 

27,779

 

 

 

28,184

 

Additional dilutive shares related to share-based compensation

 

 

276

 

 

 

136

 

 

 

 

 

 

 

Diluted weighted-average outstanding common shares

 

 

27,978

 

 

 

28,392

 

 

 

27,779

 

 

 

28,184

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.56

 

 

$

0.16

 

 

$

(0.34

)

 

$

(0.94

)

Discontinued operations

 

 

(0.01

)

 

 

0.04

 

 

 

(0.01

)

 

 

0.04

 

Basic income (loss) attributable to Pursuit common stockholders:

 

$

0.55

 

 

$

0.20

 

 

$

(0.35

)

 

$

(0.90

)

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.55

 

 

$

0.16

 

 

$

(0.34

)

 

$

(0.94

)

Discontinued operations

 

 

(0.01

)

 

 

0.04

 

 

 

(0.01

)

 

 

0.04

 

Diluted income (loss) attributable to Pursuit common stockholders:

 

$

0.54

 

 

$

0.20

 

 

$

(0.35

)

 

$

(0.90

)

Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares

The Company excluded the following weighted-average potential common shares from the calculations of diluted net income (loss) per common share during the applicable periods because their inclusion would have been anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Unvested restricted share-based awards

 

 

4

 

 

 

114

 

 

 

99

 

 

 

193

 

Unvested performance share-based awards

 

 

 

 

 

146

 

 

 

165

 

 

 

235

 

Stock options

 

 

 

 

 

225

 

 

 

 

 

 

194