Earnings Per Share

3 Months Ended

Mar. 31, 2025

The following table reconciles basic and diluted earnings per common share for the three months ended March 31, 2025 and 2024:


	For the Three Months Ended
			March 31, 2025		March 31, 2024
		(In thousands, except per share amounts)
Basic:
Net loss			$	(40,319)	$	(28,281)
Weighted-average number of common shares			327,493		346,888
Basic net loss per common share			$	(0.12)	$	(0.08)

Diluted:
Net loss			$	(40,319)	$	(28,281)
Weighted-average number of common shares			327,493		346,888
Dilutive share-based awards (a)			—		—
Weighted-average number of common and potential common shares			327,493		346,888
Diluted net loss per common share			$	(0.12)	$	(0.08)

(a)For the three months ended March 31, 2025 and March 31, 2024, 9.3 million and 10.4 million share-based awards, respectively, were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.