NOTE 11 – EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income (loss), after deducting preferred dividends and accretion, and European noncontrolling redeemable equity dividends, by the weighted average number of common shares outstanding. In calculating diluted earnings per share, the weighted average shares outstanding considers the dilutive effect of outstanding stock options, and time and performance based restricted stock units under the treasury stock method. Approximately 793.0 thousand stock-based compensation shares discussed in Note 14, “Stock-Based Compensation” have not been included in the diluted earnings per share because they would be anti-dilutive for the three months ended September 30, 2024. Approximately 64.7 thousand and 677.0 thousand stock-based

compensation shares discussed in Note 14, “Stock-Based Compensation” have not been included in the diluted earnings per share because they would be anti-dilutive for the nine months ended September 30, 2025 and 2024.

In calculating basic and diluted earnings per share, a company with participating securities must allocate earnings to the participating securities with a corresponding reduction in the earnings attributable to common shares under the two-class method. Losses are only allocated to participating securities when the security holders have a contractual obligation to share in the losses of the Company with common stockholders. Because the redeemable preferred shareholders do not have a contractual obligation to share in the Company’s losses with common stockholders, the full amount of the Company’s losses for the three and nine months ended September 30, 2025 and 2024 were attributed to the common shares. Thus, the redeemable preferred shares discussed in Note 10, “Redeemable Shares” (convertible into 5,962 thousand shares) have not been included in the diluted earnings per share for the three and nine months ended September 30, 2025 and 2024.