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Net Income (Loss) Per Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is calculated by dividing net income (loss) allocable to common stockholders by the weighted average number of shares of common stock outstanding during the period. In calculating diluted net income (loss) per share, the number of shares is increased by the weighted average number of potential common shares related to stock compensation awards, including restricted stock, stock options, and stock appreciation rights and notional stock units. No dilutive effect is recognized in a period in which a net loss has occurred. On November 7, 2024, Centrus issued $402.5 million aggregate principal amount 2.25% Convertible Notes due 2030. The dilutive impact of the 2.25% Convertible Notes on the calculation of diluted income per share is considered using the if-converted method. However, because the principal amount of the 2.25% Convertible Notes must be settled in cash, the dilutive impact of applying the if-converted method is limited to the in-the-money portion, if any, of the 2.25% Convertible Notes. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted net income (loss) per share are as follows:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Numerator (in millions): |  |  |  |  |  |  |
Net income (loss) | $ | 27.2 |  |  | $ | (6.1) |  |  |  |  |
Denominator (in thousands): |  |  |  |  |  |  |
Average common shares outstanding - basic | 16,982 |  | 15,906 |  |  |  |
Potentially dilutive shares related to stock compensation awards | 66 |  | — |  |  |  |
Potentially dilutive shares related to 2.25% Convertible Notes | — |  |  | — |  |  |  |  |
Average common shares outstanding - diluted | 17,048 |  |  | 15,906 |  |  |  |  |
Net income (loss) per share (in dollars): |  |  |  |  |  |  |
Basic | $ | 1.60 |  |  | $ | (0.38) |  |  |  |  |
Diluted | $ | 1.60 |  |  | $ | (0.38) |  |  |  |  |
Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands) | — |  | 118 |  |  |  |

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