(Loss) Earnings Per Common Share

9 Months Ended

Sep. 30, 2025

Basic (loss) earnings per common share is determined by dividing "Net (loss) income attributable to controlling interest" by the weighted average number of common shares outstanding during the reporting period. Diluted (loss) earnings per common share includes the dilutive effect of common stock equivalents, consisting of restricted stock units, performance stock units and stock held in the Company's deferred compensation programs, using the treasury stock method. Potential common shares that have an antidilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. Performance stock units, which are considered contingently issuable, are considered dilutive when the related performance criterion has been met.

The following table sets forth a reconciliation of the number of shares used in the computation of basic and diluted (loss) earnings per common share:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Denominator:
Denominator for basic earnings per common share	22,890,301	22,816,359	22,867,098	22,791,819
Effect of dilutive securities	—	—	195,596	—
Denominator for diluted earnings per common share	22,890,301	22,816,359	23,062,694	22,791,819

Antidilutive securities excluded from the calculation of diluted earnings per share	261,116	63,173	6,095	78,473