v3.26.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the allocation of net income (loss) to common stockholders and EPS computations for the period indicated based on a weighted average number of shares of Common Stock outstanding for the three months ended March 31, 2026 and 2025 (in thousands, except per share data):

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(47,264

)

 

$

1,219

 

Denominator:

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

124,626

 

 

 

118,245

 

Dilutive potential of restricted stock units

 

 

 

 

 

402

 

Dilutive potential of performance share units

 

 

 

 

 

1,100

 

Diluted weighted average shares outstanding

 

$

124,626

 

 

$

119,747

 

 

 

 

 

 

 

 

Basic EPS attributable to holders of Common Stock

 

$

(0.38

)

 

$

0.01

 

Diluted EPS attributable to holders of Common Stock

 

$

(0.38

)

 

$

0.01

 

Schedule of Calculation of Diluted Earnings (Loss) Per Common Share

The following potentially dilutive average shares attributable to outstanding equity awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

 

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

RSUs excluded

 

 

1,848

 

 

 

980

 

PSUs excluded

 

 

651

 

 

 

485

 

 

The tables above do not include any potential dilutive impact from conversion of the convertible senior notes as the notes were not convertible during the reporting period. Refer to Note 17- Subsequent Events- Convertible Notes Issuance for additional information.