v3.25.2
Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Income (Loss) Per Share
Note 9. Income (Loss) Per Share
The following table presents basic and diluted income (loss) per share:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Basic income (loss) per share$0.50 $0.30 $(5.51)$(0.47)
Diluted income (loss) per share0.50 0.30 (5.51)(0.47)
The following table presents the reconciliations of net income (loss) and weighted average shares outstanding used in the calculations of basic and diluted income (loss) per share (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator (1):
Net income (loss) - basic and diluted$27,161 $16,333 $(300,161)$(25,610)
Denominator:
Weighted average shares outstanding - basic54,577 54,238 54,502 54,202 
Add: Dilutive effect of share-based compensation and convertible debt instruments (1) (2)
131 353 — — 
Weighted average shares outstanding - diluted54,708 54,591 54,502 54,202 
(1)For the three and six months ended June 30, 2025, the 2029 Notes were outstanding and potentially dilutive securities, but were excluded from the computation of diluted income (loss) per share because their effect would have been anti-dilutive.
(2)Excluded from the computation of diluted income (loss) per share were shares underlying stock options, SARs, and RSUs totaling 0.6 million and 2.2 million for the three months ended June 30, 2025 and 2024, respectively, and 3.0 million and 4.4 million for the six months ended June 30, 2025 and 2024, respectively, because to include them would have been anti-dilutive under the treasury stock method.