| Income/ (Loss) Per Share |
18. Income/ (Loss) Per Share A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows: | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | | 2024 | | 2023 | | 2024 | | 2023 | Basic income/(loss) per share: | | | | | | | | | | | | | Net income/(loss) | | $ | 5,413 | | $ | (15,486) | | $ | (38,204) | | $ | (36,919) | Net income/(loss) attributable to common shares | | $ | 5,413 | | $ | (15,486) | | $ | (38,204) | | $ | (36,919) | Weighted average common stock outstanding–(voting) | | | 171,578,311 | | | 121,237,051 | | | 142,367,458 | | | 121,237,388 | Weighted average common stock outstanding–(non-voting) | | | — | | | 436,801 | | | — | | | 436,801 | Basic weighted average common stock outstanding | | | 171,578,311 | | | 121,673,852 | | | 142,367,458 | | | 121,674,189 | Basic income/(loss) per share | | $ | 0.03 | | $ | (0.13) | | $ | (0.27) | | $ | (0.30) | | | | | | | | | | | | | | Diluted income/(loss) per share: | | | | | | | | | | | | | Net income/(loss) | | $ | 5,413 | | | (15,486) | | $ | (38,204) | | | (36,919) | Net income/(loss) attributable to common shares | | $ | 5,413 | | $ | (15,486) | | $ | (38,204) | | $ | (36,919) | Dilutive effect of stock options – (voting) | | | 4,268,993 | | | — | | | — | | | — | Dilutive effect of RSUs – (voting) | | | 334,207 | | | — | | | — | | | — | Weighted average common stock outstanding–(voting) | | | 176,181,511 | | | 121,237,051 | | | 142,367,458 | | | 121,237,388 | Weighted average common stock outstanding–(non-voting) | | | — | | | 436,801 | | | — | | | 436,801 | Diluted weighted average common stock outstanding | | | 176,181,511 | | | 121,673,852 | | | 142,367,458 | | | 121,674,189 | Diluted income/(loss) per share | | $ | 0.03 | | $ | (0.13) | | $ | (0.27) | | $ | (0.30) |
Because of their anti-dilutive effect, 5,370,263 common share equivalents, calculated using the treasury stock method, comprised of time-based stock options and RSUs have been excluded from the diluted earnings per share calculation for the three months ended September 30, 2023. Additionally, 4,476,403 and 5,104,769 common share equivalents, calculated using the treasury stock method, comprised of time-based stock options and RSUs have been excluded from the diluted earnings per share calculation for the nine months ended September 30, 2024 and 2023, respectively.
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