Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 137

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1A
Chunk 137
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 held for sale as of September 30, 2025.The effective tax rate on Income (loss) before income taxes from continuing operations for the three and nine months ended September 30, 2024 was 18.8% and 14.5%, respectively. These effective rates reflect unfavorable adjustments for state taxes and nondeductible interest expense.

Note 5 Earnings Per Share Basic earnings (loss) per share attributable to Array shareholders is computed by dividing Net income (loss) attributable to Array shareholders by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share attributable to Array shareholders is computed by dividing Net income (loss) 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.The amounts used in computing basic and diluted earnings (loss) per share attributable to Array shareholders were as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(Dollars and shares in thousands, except per share amounts)Net income (loss) from continuing operations attributable to Array shareholders$108,836 $(95,905)$128,293 $(97,572)Net income (loss) from discontinued operations attributable to Array shareholders(147,301)16,753 (117,015)53,621 Net income (loss) attributable to Array shareholders$(38,465)$(79,152)$11,278 $(43,951)Weighted average number of shares used in basic earnings (loss) per share86,251 85,832 85,726 85,717 Effects of dilutive securities595 — 2,116 — Weighted average number of shares used in diluted earnings (loss) per share86,846 85,832 87,842 85,717 Basic earnings (loss) per share from continuing operations attributable to Array shareholders$1.26 $(1.12)$1.50 $(1.14)Basic earnings (loss) per share from discontinued operations attributable to Array shareholders(1.71)0.20 (1.37)0.63 Basic earnings (loss) per share attributable to Array shareholders$(0.45)$(0.92)$0.13