EARNINGS (LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share:
 For the Years Ended
 February 28, 2026February 28, 2025February 29, 2024
Net income (loss) from continuing operations for basic and diluted earnings (loss) per share available to common shareholders$53.2 $(8.5)$5.6 
Net income (loss) for basic and diluted earnings (loss) per share available to common shareholders53.2 (79.0)(130.2)
Weighted average number of shares outstanding (000’s) - basic (1)
592,251 591,470 584,543 
Effect of dilutive securities (000’s)
Stock-based compensation (2) (3)
5,334 — 7,954 
Weighted average number of shares and assumed conversions (000’s) diluted597,585 591,470 592,497 
Earnings (loss) per share - reported
Basic earnings (loss) per share from continuing operations$0.09 $(0.01)$0.01 
Total basic earnings (loss) per share$0.09 $(0.13)$(0.22)
Diluted earnings (loss) per share from continuing operations$0.09 $(0.01)$0.01 
Total diluted earnings (loss) per share$0.09 $(0.13)$(0.22)
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(1) The Company has not presented the dilutive effect of the Notes using the if-converted method in the calculation of diluted earnings (loss) per share for the years ended February 28, 2026, February 28, 2025 and February 29, 2024, as to do so would be antidilutive. See Note 7 for details on the Notes.
(2) The Company has presented the dilutive effect of in-the-money options and RSUs that will be settled upon vesting by the issuance of new common shares in the calculation of diluted earnings (loss) per share for the years ended February 28, 2026 and February 29, 2024.
(3) The Company has not presented the dilutive effect of in-the-money options and RSUs that will be settled upon vesting by the issuance of new common shares in the calculation of diluted loss per share for the year ended February 28, 2025, as to do so would be antidilutive.

Historical Timeline

Fiscal YearFiled
2026Apr 9, 2026Showing above
2025Apr 2, 2025
2024Apr 4, 2024
2023Mar 31, 2023

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.