| Schedule of Computation of Basic and Diluted Loss Per Common 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 |
) |
|
| Schedule of Antidilutive Securities Excluded from the Computation of 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 |
|
|
|
— |
|
|