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Earnings Per Share (“EPS”)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share (“EPS”) Earnings Per Share ("EPS")
Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards as well as adjusted by the number of additional shares, if any, that would have been outstanding had the potentially dilutive common shares been issued.
The following table provides a reconciliation of income (loss) from continuing operations to net income (loss) from continuing operations available to A&B common shareholders and net income (loss) available to A&B common shareholders (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income (loss) from continuing operations$14,376 $19,304 $60,821 $51,275 
Distributions and allocations to participating securities— (6)— (18)
Income (loss) from continuing operations available to A&B shareholders14,376 19,298 60,821 51,257 
Income (loss) from discontinued operations(39)(300)77 (3,181)
Net income (loss) available to A&B common shareholders$14,337 $18,998 $60,898 $48,076 
The number of shares used to compute basic and diluted earnings per share is as follows (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Denominator for basic EPS - weighted average shares outstanding72,757 72,630 72,728 72,597 
Effect of dilutive securities:
Restricted stock unit awards190 187 143 121 
Denominator for diluted EPS - weighted average shares outstanding72,947 72,817 72,871 72,718 

The number of anti-dilutive securities, excluded from the calculation of diluted earnings per common share, consisted of the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Number of anti-dilutive securities— 91