Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2025

17. Earnings (Loss) Per Share

The following table illustrates the computation of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2025 and 2024:


	Three Months Ended						Six Months Ended
	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024
	(In thousands of U.S. dollars, except share data)
Basic earnings (loss) per common share
Income (Loss) from continuing operations	$	8,486		$	(2,208	)	$	3,404		$	(16,492	)
Loss from discontinued operations, net of tax		(8,163	)		(10,789	)		(11,959	)		(11,922	)

Net income (loss)	$	323		$	(12,997	)	$	(8,555	)	$	(28,414	)

Basic weighted average common stock outstanding		36,083,703			38,174,920			36,483,551			38,359,851
Basic earnings (loss) per common share
Continuing operations	$	0.24		$	(0.06	)	$	0.09		$	(0.43	)
Discontinued operations		(0.23	)		(0.28	)		(0.32	)		(0.31	)

Total	$	0.01		$	(0.34	)	$	(0.23	)	$	(0.74	)

Diluted earnings (loss) per common share
Income (Loss) from continuing operations	$	8,486		$	(2,208	)	$	3,404		$	(16,492	)
Loss from discontinued operations, net of tax		(8,163	)		(10,789	)		(11,959	)		(11,922	)

Net income (loss)	$	323		$	(12,997	)	$	(8,555	)	$	(28,414	)

Basic weighted average common stock outstanding		36,083,703			38,174,920			36,483,551			38,359,851
Net effect of dilutive equity awards		684,944			—			726,071			—

Diluted weighted average common stock outstanding		36,768,647			38,174,920			37,209,622			38,359,851
Diluted earnings (loss) per common share
Continuing operations	$	0.23		$	(0.06	)	$	0.09		$	(0.43	)
Discontinued operations		(0.22	)		(0.28	)		(0.32	)		(0.31	)

Total	$	0.01		$	(0.34	)	$	(0.23	)	$	(0.74	)

Diluted earnings (loss) per common share adjusts basic earnings (loss) per common share for the potentially dilutive impact of stock options and restricted stock units. As the Company has reported loss from continuing operations for the three and six months ended June 30, 2024, all potentially dilutive securities are antidilutive and accordingly not considered, therefore basic loss per common share equals diluted loss per common share.

The following outstanding instruments were excluded from the computation of diluted earnings (loss) per common share, as they have an anti-dilutive effect on the calculation:


	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Options		464,065		757,158		464,065		757,158
Restricted Stock Units		—		2,476,131		—		2,476,131

MAGNACHIP SEMICONDUCTOR Corp 10-Q