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NET EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2024
NET EARNINGS (LOSS) PER SHARE  
NET EARNINGS (LOSS) PER SHARE

6 – NET EARNINGS (LOSS) PER SHARE

The computation of basic net earnings (loss) per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted net earnings (loss) per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 17 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.

There were 368,190 stock options, 79,838 performance-based restricted stock units and 563,705 restricted stock units excluded from the computation of diluted net loss per share during the year ended December 31, 2023 because they were anti-dilutive (refer to Note 17 — Stock-Based Compensation).

The components of the denominator for the calculation of basic and diluted net earnings (loss) per share are as follows:

For the Years Ended December 31,

 

2024

    

2023

  

2022

 

Common shares outstanding, basic:

Weighted-average common shares outstanding, basic

43,054,459

 

42,766,262

42,412,722

Common shares outstanding, diluted:

Weighted-average common shares outstanding, basic

43,054,459

 

42,766,262

42,412,722

Dilutive effect of stock options

180,378

314,143

Dilutive effect of performance-based restricted stock units

116,384

Dilutive effect of restricted stock units

299,278

 

188,631

Weighted-average common shares outstanding, diluted

43,650,499

 

42,766,262

42,915,496