The Company applies the two-class method for computing and presenting earnings per share for each class of common stock, which allocates current period income (losses) to each class of common stock and participating securities based on dividends declared and participation rights in the remaining undistributed earnings or losses.

Basic earnings per share is computed by dividing the income (losses) allocated to each class of common stock by the related weighted-average number of shares outstanding during the period. Diluted earnings per share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period for each class of common stock and excludes potentially dilutive securities whose effect would have been anti-dilutive.

Potential shares of Common Stock include (i) incremental shares related to the vesting or exercise of share-based compensation awards, warrants, and other options to purchase additional shares of the Company’s Common Stock calculated using the treasury stock method and (ii) incremental shares of Common Stock issuable upon the conversion of Class B Common Stock. Additionally, the basic and diluted earnings per share computations for Common Stock for the prior periods presented excluded unvested shares of approximately 4 million as their vesting was contingent upon achievement of certain performance requirements, which were not achieved. These awards were cancelled during the second quarter of 2026.


	Three Months Ended June 30,				Six Months Ended June 30,
in thousands, except per share amounts	2026		2025		2026		2025
Allocation of income (loss) from continuing operations - basic	$	143,821	$	157,164	$	301,783	$	290,597
Dilutive effect	3,604		3,572		7,210		6,994
Allocation of income (loss) from continuing operations - diluted	$	147,425	$	160,736	$	308,993	$	297,591

Allocation of income (loss) from discontinued operations, net of tax - basic	$	(1,129)	$	(2,853)	$	(2,042)	$	(4,944)
Dilutive effect	—		—		—		—
Allocation of income (loss) from discontinued operations, net of tax - diluted	$	(1,129)	$	(2,853)	$	(2,042)	$	(4,944)

Weighted-average shares outstanding - basic	706,307		777,635		732,864		792,748
Dilutive effect(1)	59,077		62,316		60,672		62,811
Weighted-average shares outstanding - diluted	765,384		839,951		793,536		855,559

Income (loss) from continuing operations per share - basic	$	0.20	$	0.20	$	0.41	$	0.37
Income (loss) from continuing operations per share - diluted	$	0.19	$	0.19	$	0.39	$	0.35

Income (loss) from discontinued operations, net of tax, per share - basic	$	—	$	—	$	—	$	(0.01)
Income (loss) from discontinued operations, net of tax, per share - diluted	$	—	$	—	$	—	$	(0.01)

(1) During the three and six months ended June 30, 2026, 34 million and 30 million shares of Common Stock, respectively, that would be dilutive were excluded from the diluted earnings per share calculations because their effects would have been anti-dilutive.

During the three and six months ended June 30, 2025, 23 million and 21 million shares of Common Stock, respectively, that would be dilutive were excluded from the diluted earnings per share calculations because their effects would have been anti-dilutive.


	Three Months Ended June 30,				Six Months Ended June 30,
in thousands, except per share amounts	2026		2025		2026		2025
Allocation of income (loss) from continuing operations - basic	$	11,246	$	11,069	$	22,635	$	20,113
Dilutive effect	(593)		(561)		(1,188)		(972)
Allocation of income (loss) from continuing operations - diluted	$	10,653	$	10,508	$	21,447	$	19,141

Allocation of income (loss) from discontinued operations, net of tax - basic	$	(88)	$	(201)	$	(152)	$	(341)
Dilutive effect	—		—		—		—
Allocation of income (loss) from discontinued operations, net of tax - diluted	$	(88)	$	(201)	$	(152)	$	(341)

Weighted-average shares outstanding - basic	54,745		54,745		54,745		54,745
Dilutive effect(1)	—		—		—		—
Weighted-average shares outstanding - diluted	54,745		54,745		54,745		54,745

Income (loss) from continuing operations per share - basic	$	0.20	$	0.20	$	0.41	$	0.37
Income (loss) from continuing operations per share - diluted	$	0.19	$	0.19	$	0.39	$	0.35

Income (loss) from discontinued operations, net of tax, per share - basic	$	—	$	—	$	—	$	(0.01)
Income (loss) from discontinued operations, net of tax, per share - diluted	$	—	$	—	$	—	$	(0.01)

________________