Basic (loss) earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted (loss) earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential outstanding shares of common stock during the period. Potential shares of common stock are calculated using the treasury-stock method and consist of incremental shares issuable upon the vesting of the equity classified restricted stock awards granted in June 2025, Aebi Schmidt restricted stock awards (“RSAs”) and the Aebi Schmidt restricted stock units (“RSUs”). The computation of both earnings (loss) per share is as follows:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
	(in thousands, except per share data)
Basic (loss) earnings per share:
Net income (loss)	$	10,510	$	(2,310)	$	11,205	$	(235)
Shares used in computation:
Weighted-average shares of common stock outstanding	77,181		40,352		77,143		40,352
Basic earnings (loss) per share	$	0.14	$	(0.06)	$	0.15	$	(0.01)

Diluted earnings (loss) per share:
Net income (loss)	$	10,510	$	(2,310)	$	11,205	$	(235)
Shares used in computation:
Weighted-average share of common stock outstanding	77,181		40,352		77,143		40,352
Effect of dilutive stock-based awards	339		—		320		—
Weighted-average number of shares	77,520		40,352		77,463		40,352
Diluted earnings (loss) per share	$	0.14	$	(0.06)	$	0.14	$	(0.01)