Earnings Per Share

12 Months Ended

Dec. 31, 2025

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:


	Years ended December 31,
(in thousands, except market price and earnings per share)	2025		2024		2023
Net income attributable to the Company	$	(57,342)	$	87,623	$	111,120
Weighted average number of shares:
Weighted average number of shares used in calculating basic net income/(loss) per share	29,566		31,231		31,171
Effect of dilutive stock-based compensation plans:

Restricted stock units and multi-year awards(a)	—		107		105
Weighted average number of shares used in calculating diluted net income/(loss) per share	29,566		31,338		31,276
Net income/(loss) per share:
Basic	$	(1.94)	$	2.81	$	3.56
Diluted(a)	$	(1.94)	$	2.80	$	3.55

Shares outstanding, net of treasury shares, were 28.3 million as of December 31, 2025, 31.1 million as of December 31, 2024, and 31.2 million as of December 31, 2023.

(a) Restricted stock units and multi-year awards of 0.2 million were not included in the computation of diluted earnings per share, as their effects would be anti-dilutive as of December 31, 2025.