Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 55

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 55
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 2024, the carrying value of the 8.25% Notes consists of the principal balance of $74.3 million and the sum of current and noncurrent interest payment obligations until maturity. Refer to Note 6, Debt. (c)As of March 31, 2025 and December 31, 2024, the carrying value of the 2.25% Convertible Notes is net of $13.0 million and $13.5 million of unamortized debt issuance costs, respectively. Refer to Note 6, Debt.

8.  PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The Company provides retirement benefits to certain employees and retirees. Currently, we have one qualified defined benefit pension plan, one postretirement health and life benefit plan and two disqualified plans. The components of net periodic benefit costs (credits) for the defined benefit pension plans were as follows (in millions):Three Months Ended  March 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