Loss Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Loss Per Share

17. Loss Per Share

The following table illustrates the computation of basic and diluted loss per common share for the three months ended March 31, 2025 and 2024:

	Three Months Ended
	March 31, 2025			March 31, 2024
	(In thousands of U.S. dollars, except share data)
Basic loss per common share
Loss from continuing operations	$	(5,082	)	$	(14,284	)
Loss from discontinued operations, net of tax		(3,796	)		(1,133	)
Net loss	$	(8,878	)	$	(15,417	)
Basic weighted average common stock outstanding		36,887,841			38,544,781
Basic loss per common share
Continuing operations	$	(0.14	)	$	(0.37	)
Discontinued operations		(0.10	)		(0.03	)
Total	$	(0.24	)	$	(0.40	)
Diluted loss per common share
Loss from continuing operations	$	(5,082	)	$	(14,284	)
Loss from discontinued operations, net of tax		(3,796	)		(1,133	)
Net loss allocated to common stockholders	$	(8,878	)	$	(15,417	)
Basic weighted average common stock outstanding		36,887,841			38,544,781
Net effect of dilutive equity awards		—			—
Diluted weighted average common stock outstanding		36,887,841			38,544,781
Diluted loss per common share
Continuing operations	$	(0.14	)	$	(0.37	)
Discontinued operations		(0.10	)		(0.03	)
Total	$	(0.24	)	$	(0.40	)

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 months ended March 31, 2025 and 2024, 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
	March 31, 2025		March 31, 2024
Options		728,792		757,858
Restricted Stock Units		1,783,538		922,307