| Earnings (Loss) Per Share |
17. Earnings (Loss) Per Share The following table illustrates the computation of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30,
2026 |
|
|
June 30,
2025 |
|
|
June 30,
2026 |
|
|
June 30,
2025 |
|
|
|
(In thousands of U.S. dollars, except share data) |
|
Basic earnings (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from continuing operations |
|
$ |
(7,601 |
) |
|
$ |
9,203 |
|
|
$ |
(12,298 |
) |
|
$ |
5,152 |
|
Income (Loss) from discontinued operations, net of tax |
|
|
2,786 |
|
|
|
(8,880 |
) |
|
|
2,836 |
|
|
|
(13,707 |
) |
Net income (loss) |
|
$ |
(4,815 |
) |
|
$ |
323 |
|
|
$ |
(9,462 |
) |
|
$ |
(8,555 |
) |
Basic weighted average common stock outstanding |
|
|
36,454,812 |
|
|
|
36,083,703 |
|
|
|
36,431,327 |
|
|
|
36,483,551 |
|
Basic earnings (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
(0.21 |
) |
|
$ |
0.26 |
|
|
$ |
(0.34 |
) |
|
$ |
0.14 |
|
Discontinued operations |
|
|
0.08 |
|
|
|
(0.25 |
) |
|
|
0.08 |
|
|
|
(0.37 |
) |
Total |
|
$ |
(0.13 |
) |
|
$ |
0.01 |
|
|
$ |
(0.26 |
) |
|
$ |
(0.23 |
) |
Diluted earnings (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from continuing operations |
|
$ |
(7,601 |
) |
|
$ |
9,203 |
|
|
$ |
(12,298 |
) |
|
$ |
5,152 |
|
Income (Loss) from discontinued operations, net of tax |
|
|
2,786 |
|
|
|
(8,880 |
) |
|
|
2,836 |
|
|
|
(13,707 |
) |
Net income (loss) |
|
$ |
(4,815 |
) |
|
$ |
323 |
|
|
$ |
(9,462 |
) |
|
$ |
(8,555 |
) |
Basic weighted average common stock outstanding |
|
|
36,454,812 |
|
|
|
36,083,703 |
|
|
|
36,431,327 |
|
|
|
36,483,551 |
|
Net effect of dilutive equity awards |
|
|
— |
|
|
|
684,944 |
|
|
|
— |
|
|
|
726,071 |
|
Diluted weighted average common stock outstanding |
|
|
36,454,812 |
|
|
|
36,768,647 |
|
|
|
36,431,327 |
|
|
|
37,209,622 |
|
Diluted earnings (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
(0.21 |
) |
|
$ |
0.25 |
|
|
$ |
(0.34 |
) |
|
$ |
0.14 |
|
Discontinued operations |
|
|
0.08 |
|
|
|
(0.24 |
) |
|
|
0.08 |
|
|
|
(0.37 |
) |
Total |
|
$ |
(0.13 |
) |
|
$ |
0.01 |
|
|
$ |
(0.26 |
) |
|
$ |
(0.23 |
) |
Diluted earnings (loss) per common share adjusts basic earnings (loss) per common share for the potentially dilutive impact of stock options and restricted stock units. As the Company has reported loss from continuing operations for the three and six months ended June 30, 2026, all potentially dilutive securities are antidilutive and accordingly not considered, therefore basic loss per common share equals diluted loss per common share. The following outstanding instruments were excluded from the computation of diluted loss per common share, as they have an anti-dilutive effect on the calculation:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30,
2026 |
|
|
June 30,
2025 |
|
|
June 30,
2026 |
|
|
June 30,
2025 |
|
Options |
|
|
149,211 |
|
|
|
464,065 |
|
|
|
149,211 |
|
|
|
464,065 |
|
Restricted Stock Units |
|
|
2,183,926 |
|
|
|
— |
|
|
|
2,183,926 |
|
|
|
— |
|
|