TrueBlue, Inc. Earnings Per Share Disclosure
| (in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||
Net loss | $ | (47,960) | $ | (125,748) | $ | (14,173) | |||||
Weighted average number of common shares used in basic net loss per common share | 29,849 | 30,177 | 31,317 | ||||||||
| Dilutive effect of non-vested stock-based awards | — | — | — | ||||||||
Weighted average number of common shares used in diluted net loss per common share | 29,849 | 30,177 | 31,317 | ||||||||
Net loss per common share: | |||||||||||
| Basic | $ | (1.61) | $ | (4.17) | $ | (0.45) | |||||
| Diluted | $ | (1.61) | $ | (4.17) | $ | (0.45) | |||||
| Anti-dilutive shares | 1,763 | 1,406 | 1,343 | ||||||||
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.