Net Loss Per Share

6 Months Ended

Jun. 30, 2026

Basic and diluted net loss per share is calculated based on the weighted average common shares outstanding for the period. For the three and six months ended June 30, 2026 and June 30, 2025, the Company reported a net loss, and therefore all potentially dilutive common shares were excluded from the calculation of diluted net loss per common share because their inclusion would have been anti‑dilutive. As a result, diluted net loss per common share is the same as basic net loss per common share.

For the three and six months ended June 30, 2026 and June 30, 2025, the following common shares issuable were excluded from net loss per common share because their inclusion would have had an anti-dilutive effect:


	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2026	2025	2026	2025
	(Amounts in millions)
Stock options and share appreciation rights (SARs)	1.1	0.8	1.1	0.8
Restricted share units	2.4	2.5	2.4	2.5
Total anti-dilutive shares issuable excluded from diluted net loss per common share	3.5	3.3	3.5	3.3