Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2025

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to Werner by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) attributable to Werner by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. Since the Company had a net loss for the three months ended March 31, 2025, diluted loss per share is the same as basic loss per share as the inclusion of potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted loss per share for the three months ended March 31, 2025, were 182,000 shares. There are no differences in the numerators of our computations of basic and diluted earnings (loss) per share for any periods presented.

The computation of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts).


	Three Months Ended March 31,
	2025		2024
Net income (loss) attributable to Werner	$	(10,098)	$	6,312
Weighted average common shares outstanding	61,890		63,472
Dilutive effect of stock-based awards	—		255
Shares used in computing diluted earnings (loss) per share	61,890		63,727
Basic earnings (loss) per share	$	(0.16)	$	0.10
Diluted earnings (loss) per share	$	(0.16)	$	0.10