Earnings (Losses) Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings (Losses) Per Share

Reconciliation of the numerators and denominators of the basic and diluted earnings (losses) per share computations

A reconciliation of the numerators and denominators of the basic and diluted earnings (losses) per share computations is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
	(In thousands, except per share amounts)
BASIC EPS:
Net income (loss) (numerator):
Income (loss), net of tax	$	(33,087)	$	(31,244)	$	(55,118)	$	46,047
Less: net (income) loss attributable to noncontrolling interest		(22,738)		(17,672)		(67,295)		(41,128)
Less: deemed dividends to SPAC public shareholders		—		(823)		—		(8,180)
Less: accrued distribution on redeemable noncontrolling interest in subsidiary		(7,363)		(7,517)		(21,929)		(22,307)
Numerator for basic earnings per share:
Adjusted income (loss), net of tax - basic	$	(63,188)	$	(57,256)	$	(144,342)	$	(25,568)
Weighted-average number of shares outstanding - basic		9,213		9,148		9,199		9,168
Earnings (losses) per share:
Total Basic	$	(6.86)	$	(6.26)	$	(15.69)	$	(2.79)
DILUTED EPS:
Adjusted income (loss), net of tax - diluted	$	(63,188)	$	(57,256)	$	(144,342)	$	(25,568)
Weighted-average number of shares outstanding - diluted		9,213		9,148		9,199		9,168
Earnings (losses) per share:
Total Diluted	$	(6.86)	$	(6.26)	$	(15.69)	$	(2.79)

Potentially dilutive securities excluded as anti-dilutive

The average number of shares from options and shares related to outstanding Warrants that were excluded from diluted earnings (losses) per share that would potentially dilute earnings per share in the future were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Potentially dilutive securities excluded as anti-dilutive		3,383		3,370		3,390		3,383