v3.25.2
Net Income (Loss) Per Common Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share
NOTE 11. Net Income (Loss) Per Common Share
Basic net income (loss) per common share (“EPS”) is computed based upon the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed based upon the weighted average number of common shares outstanding plus the impact of common shares issuable from the assumed conversion of stock options, certain performance restricted stock units, and unvested restricted stock units. Only those instruments having a dilutive impact on basic net income (loss) per share are included in diluted net income (loss) per share during the periods presented.
The following table illustrates the computation of basic and diluted EPS (in thousands, except per share amounts):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Numerator
Income (loss) from continuing operations$(104,370)$(30,662)$(106,258)$(27,415)
Noncontrolling interests’ share in (earnings) loss from continuing operations— (20)— (50)
Net income (loss) attributable to common stockholders before discontinued operations(104,370)(30,682)(106,258)(27,465)
Income (loss) from discontinued operations— — 14,000 (9,281)
Net income (loss) attributable to common stockholders$(104,370)$(30,682)$(92,258)$(36,746)
Denominator
Weighted average shares outstanding – basic and diluted413,836411,271413,388409,152
Net income (loss) per share attributable to common stockholders
Net income (loss) per common share from continuing operations, basic and diluted$(0.25)$(0.07)$(0.25)$(0.07)
Net income (loss) per common share from discontinued operations, basic and diluted$— $— $0.03 $(0.02)
The following table provides the potential shares of common stock that were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive (in thousands):
 June 30,
 20252024
Stock options20,98017,421
Restricted stock units25,62320,177