Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Basic and Diluted Earnings (Loss) Per Share

The following table presents basic and diluted earnings (loss) per share:


	Three Months Ended March 31,
		2026		2025
Basic earnings (loss) per share		$	0.41	$	(6.01)
Diluted earnings (loss) per share		0.40		(6.01)

The following table presents the reconciliations of net income (loss) and weighted average shares outstanding used in the calculations of basic and diluted earnings (loss) per share (in thousands):


	Three Months Ended March 31,
		2026		2025
Numerator (1):
Net income (loss) - basic and diluted		$	22,294	$	(327,322)




Denominator:
Basic weighted average shares outstanding		54,688		54,421
Add: Dilutive effect of share-based compensation and convertible debt instruments (1) (2)		1,256		—
Diluted weighted average shares outstanding		55,944		54,421

(1)For the three months ended March 31, 2026 and 2025, the 2029 Notes were outstanding and potentially dilutive securities but were excluded from the computation of diluted earnings (loss) per share because their effect would have been anti-dilutive.

(2)Excluded from the computation of diluted earnings (loss) per share were shares underlying stock options, SARs, and RSUs totaling 0.1 million and 4.6 million for the three months ended March 31, 2026 and 2025, respectively, because to include them would have been anti-dilutive under the treasury stock method.