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Loss per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Loss Per Share

The calculation of basic and diluted loss per share is as follows:

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands, except per share amounts)

 

2025

 

 

2024

 

 

 

 

 

 

(Restated)

 

Numerator

 

 

 

 

 

 

Net loss attributable to ADTRAN Holdings, Inc.

 

$

(11,267

)

 

$

(330,765

)

Effect of redemption of RNCI

 

 

(3

)

 

 

 

Net loss attributable to ADTRAN Holdings, Inc. common stockholders

 

$

(11,270

)

 

$

(330,765

)

Denominator

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

79,534

 

 

 

78,814

 

Effect of dilutive securities

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

 

 

 

 

Weighted average number of shares – diluted

 

 

79,534

 

 

 

78,814

 

Loss per share attributable to ADTRAN Holdings, Inc. – basic

 

$

(0.14

)

 

$

(4.20

)

Loss per share attributable to ADTRAN Holdings, Inc. – diluted

 

$

(0.14

)

 

$

(4.20

)