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Net Income (Loss) Per Share | 9 Months Ended
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Sep. 30, 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 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 units, restricted stock, and stock options and shares issuable under convertible notes. 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. On August 18, 2025, Centrus issued $805.0 million aggregate principal amount 0% Convertible Notes due 2032. The dilutive impact of both the 2.25% Convertible Notes and 0% 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 and 0% 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 and 0% Convertible Notes. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted net income per share are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator (in millions): |  |  |  |  |  |  |
Net income (loss) | $ | 3.9 |  |  | $ | (5.0) |  |  | $ | 60.0 |  |  | $ | 19.5 |
Denominator (in thousands): |  |  |  |  |  |  |
Average common shares outstanding - basic | 18,317 |  | 16,422 |  | 17,672 |  | 16,172
Potentially dilutive shares related to equity compensation awards | 51 |  | — |  | 63 |  | 64
Potentially dilutive shares related to 2.25% Convertible Notes | 2,309 |  | — |  | 1,230 |  | —
Average common shares outstanding - diluted | 20,677 |  |  | 16,422 |  |  | 18,965 |  |  | 16,236 |
Net income (loss) per share (in dollars): |  |  |  |  |  |  |
Basic | $ | 0.21 |  |  | $ | (0.30) |  |  | $ | 3.40 |  |  | $ | 1.21 |
Diluted | $ | 0.19 |  |  | $ | (0.30) |  |  | $ | 3.16 |  |  | $ | 1.20 |
Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands) | — |  | 34 |  | — |  | 3
0% Convertible Notes (if-converted) excluded from the diluted calculation because they would have been antidilutive (in thousands) | 133 |  | — |  | 2,290 |  | —

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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