| Income (Loss) Per Share |
The table below presents basic and diluted earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
Basic earnings per share |
|
$ |
1.72 |
|
|
$ |
0.91 |
|
|
$ |
1.21 |
|
Diluted earnings per share |
|
$ |
1.69 |
|
|
$ |
0.90 |
|
|
$ |
1.19 |
|
The table below shows the calculations of basic and diluted weighted-average number of shares:
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|
|
|
Year Ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
Issued shares at beginning of period |
|
|
89,215,121 |
|
|
|
87,518,284 |
|
|
|
88,480,154 |
|
Effect of shares issued upon exercise of equity awards |
|
|
1,003,925 |
|
|
|
944,983 |
|
|
|
1,074,963 |
|
Effect of share repurchases |
|
|
(963,143 |
) |
|
|
— |
|
|
|
— |
|
Basic weighted-average number of shares in the period |
|
|
89,255,903 |
|
|
|
88,463,267 |
|
|
|
89,555,117 |
|
Effect of unexercised equity awards |
|
|
1,665,705 |
|
|
|
1,213,007 |
|
|
|
1,400,488 |
|
Diluted weighted-average number of shares in the period |
|
|
90,921,608 |
|
|
|
89,676,274 |
|
|
|
90,955,605 |
|
|