NOTE 9 — NET INCOME (LOSS) PER COMMON SHARE The following table presents the calculation of basic and diluted net income (loss) per common share (in thousands, except per share amounts): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Net income (loss) | | $ | 12,561 | | $ | (20,884) | | $ | (9,969) | | $ | (51,461) | | | | | | | | | | | | | | Weighted average common shares outstanding - basic | | | 149,705 | | | 147,847 | | | 149,244 | | | 147,723 | Dilutive effect of securities | | | 7,952 | | | — | | | — | | | — | Weighted average common shares outstanding - diluted | | | 157,657 | | | 147,847 | | | 149,244 | | | 147,723 | | | | | | | | | | | | | | Net income (loss) per common share: | | | | | | | | | | | | | Basic | | $ | 0.08 | | $ | (0.14) | | $ | (0.07) | | $ | (0.35) | Diluted | | $ | 0.08 | | $ | (0.14) | | $ | (0.07) | | $ | (0.35) | | | | | | | | | | | | | | Shares excluded due to being anti-dilutive (1) | | | 5,495 | | | 14,737 | | | 17,142 | | | 14,737 |
| (1) | Includes RSUs and PSUs as their effect, if included, would have been anti-dilutive. |
|