Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 168

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 168
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 losses for equipment installment plan receivables was as follows:June 30, 2025June 30, 2024(Dollars in millions)Allowance for credit losses, beginning of period$82 $90 Bad debts expense30 33 Write-offs, net of recoveries(37)(38)Allowance for credit losses, end of period$75 $85 

Note 5 Earnings Per Share Basic earnings per share attributable to Array shareholders is computed by dividing Net income attributable to Array shareholders by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share attributable to Array shareholders is computed by dividing Net income attributable to Array shareholders by the weighted average number of Common Shares outstanding during the period adjusted to include the effects of potentially dilutive securities. Potentially dilutive securities primarily include incremental shares issuable upon the exercise of outstanding stock options and the vesting of performance and restricted stock units, as calculated using the treasury stock method.

42

The amounts used in computing basic and diluted earnings per share attributable to Array shareholders were as follows:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars and shares in millions, except per share amounts)Net income attributable to Array shareholders$31 $17 $50 $35 Weighted average number of shares used in basic earnings per share86 86 85 86 Effects of dilutive securities2 2 3 2 Weighted average number of shares used in diluted earnings per share88 88 88 88 Basic earnings per share attributable to Array shareholders$0.37 $0.20 $0.58 $0.41 Diluted earnings per share attributable to Array shareholders$0.36 $0.20 $0.57 $0.40 Certain Common Shares issuable upon the exercise of stock options or vesting of performance and restricted stock units were not included in weighted average diluted shares outstanding for the calculation of Diluted earnings per share attributable to Array shareholders because their effects were antidilutive. The number of such Common Shares excluded was less than 1 million for both the three and six months ended June 30, 2025 and 2024.

Note 6 DivestituresOn August 4, 2023, TDS and Array announced that the Boards of Directors of both companies decided to initiate a process to explore a range of strategic alternatives for Array.