Earnings Per Share

9 Months Ended

Sep. 30, 2025

5. Earnings Per Share

Basic earnings per share ("EPS") amounts are calculated by dividing earnings available to common stockholders by the weighted average number of common shares outstanding using the two-class method. Diluted EPS is calculated by dividing net income attributable to common shareholders by the weighted average number of common and dilutive common equivalent shares outstanding during the period. Dilutive common equivalent shares are calculated using the more dilutive of either the if-converted or two-class methods.

The following table shows the basic and diluted earnings per share:


	For the three months ended September 30,
	2025					2024
	Net Income (Loss)		Shares (in millions)	$ Per Share		Net Income (Loss)		Shares (in millions)	$ Per Share
Net income attributable to Century stockholders	$	14.9				$	47.3
Less: net income allocated to participating securities	0.8					2.5
Basic EPS:
Net income allocated to common stockholders	$	14.1	93.3	$	0.15	$	44.8	92.8	$	0.48
Effect of Dilutive Securities(1):
Share-based compensation	—		1.3			—		1.0
Convertible senior notes	0.7		4.6			0.7		4.6
Diluted EPS:
Net income allocated to common stockholders	$	14.8	99.2	$	0.15	$	45.5	98.4	$	0.46

	For the nine months ended September 30,
	2025					2024
	Net Income (Loss)		Shares (in millions)	$ Per Share		Net Income (Loss)		Shares (in millions)	$ Per Share
Net income attributable to Century stockholders	$	40.0				$	291.6
Less: net income allocated to participating securities	2.0					15.5
Basic EPS:
Net income allocated to common stockholders	$	38.0	93.3	$	0.41	$	276.1	92.7	$	2.98
Effect of Dilutive Securities(1):
Share-based compensation	—		1.3			1.2		1.5
Convertible senior notes	—		—			2.7		4.6
Diluted EPS:
Net income allocated to common stockholders	$	38.0	94.6	$	0.40	$	280.0	98.8	$	2.83


Securities excluded from the calculation of diluted EPS (in millions)(1):	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Share-based compensation	0.7	0.5	0.7	—
Convertible preferred shares	5.0	5.2	5.0	5.2
Convertible notes	—	—	4.6	—

(1)In periods when we report a net loss, all share-based compensation awards, convertible preferred shares and convertible senior notes are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.