Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 111

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 111
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 31,20252024Service costs$0.1 $0.5 Interest costs0.4 3.8 Amortization of prior service costs (credits), net— (0.1)Expected return on plan assets (gains)(0.5)(4.6)Net periodic benefit costs (credits)$— $(0.4)The components of net periodic benefit costs for the postretirement health and life benefit plan were as follows (in millions):Three Months Ended  March 31,20252024Interest costs$1.1 $1.1 Net periodic benefit costs$1.1 $1.1 

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The Company reports service costs for its defined benefit pension plans and its postretirement health and life benefit plans in Cost of Sales and Selling, General and Administrative Expenses. The remaining components of net periodic benefit (credits) costs are reported as Nonoperating Components of Net Periodic Benefit Loss (Income).

9.  NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is calculated by dividing net income (loss) allocable to common stockholders by the weighted average number of shares of common stock outstanding during the period. In calculating diluted net income (loss) per share, the number of shares is increased by the weighted average number of potential common shares related to stock compensation awards, including restricted stock, stock options, and stock appreciation rights and notional stock units. No dilutive effect is recognized in a period in which a net loss has occurred. On November 7, 2024, Centrus issued $402.5 million aggregate principal amount 2.25% Convertible Notes due 2030. The dilutive impact of the 2.25% Convertible Notes on the calculation of diluted income per share is considered using the if-converted method. However, because the principal amount of the 2.25% Convertible Notes must be settled in cash, the dilutive impact of applying the if-converted method is limited to the in-the-money portion, if any, of the 2.25% Convertible Notes.The weighted average number of common and common equivalent shares used in the calculation of basic and diluted net income (loss) per share are as follows: Three Months Ended  March 31,20252024Numerator (in millions):Net income (loss)$27.2 $(6.1)Denominator (in thousands):Average common shares outstanding - basic