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Earnings Per Share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Earnings Per Share | 2. Earnings Per Share Basic earnings per share is computed using the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding and the treasury stock method for stock-based compensation. Contingently issuable shares are only included in the diluted earnings per share computation once all necessary conditions have been satisfied. The diluted earnings per share calculations exclude the effect of stock options, deferred stock units, performance stock units, restricted stock units and the potential Earnout Liability related to the acquisition of Satcom Direct when the computation is anti-dilutive. For the three- and six-month periods ended June 30, 2026, the weighted average number of shares excluded from the computation was 69.0 million and 60.5 million, respectively. For the three- and six-month periods ended June 30, 2025, the weighted average number of shares excluded from the computation was 17.2 million and 22.9 million, respectively. The following table sets forth the computation of basic and diluted earnings per share for the three- and six-month periods ended June 30, 2026 and 2025 (in thousands, except per share amounts):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
Basic |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net income (loss) |  | $ | (2,009 | ) |  | $ | 12,807 |  |  | $ | 11,076 |  |  | $ | 24,849 |
Weighted average shares outstanding |  |  | 136,250 |  |  |  | 133,647 |  |  |  | 135,961 |  |  |  | 132,925 |
Earnings (loss) per share - basic |  | $ | (0.01 | ) |  | $ | 0.10 |  |  | $ | 0.08 |  |  | $ | 0.19 |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
Diluted |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net income (loss) |  | $ | (2,009 | ) |  | $ | 12,807 |  |  | $ | 11,076 |  |  | $ | 24,849 |
Average shares |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 136,250 |  |  |  | 133,647 |  |  |  | 135,961 |  |  |  | 132,925 |
Effect of dilutive securities - stock-based compensation |  |  | — |  |  |  | 3,250 |  |  |  | 929 |  |  |  | 3,046 |
Total weighted average diluted shares outstanding |  |  | 136,250 |  |  |  | 136,897 |  |  |  | 136,890 |  |  |  | 135,971 |
Earnings (loss) per share - diluted |  | $ | (0.01 | ) |  | $ | 0.09 |  |  | $ | 0.08 |  |  | $ | 0.18 |

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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 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-12 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 20 -Name Accounting Standards Codification -Section 05 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481468/505-20-05-5 Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 5: 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 6: 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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