| Summary of Basic and Diluted Net Income Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common shareholders (in thousands, except per share amounts):
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net income from continuing operations |
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$ |
86,604 |
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$ |
8,541 |
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$ |
160,887 |
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$ |
17,757 |
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Less: Net loss attributable to noncontrolling interests |
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(81 |
) |
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(666 |
) |
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(238 |
) |
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(1,198 |
) |
Net income from continuing operations attributable to common shareholders |
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86,685 |
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9,207 |
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161,125 |
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18,955 |
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Net (loss) income from discontinued operations |
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(2,395 |
) |
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19,001 |
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71,932 |
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38,795 |
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Net income attributable to common shareholders |
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$ |
84,290 |
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$ |
28,208 |
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$ |
233,057 |
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$ |
57,750 |
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Denominator: |
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Weighted-average shares outstanding - basic |
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206,042 |
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201,807 |
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205,381 |
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200,516 |
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Effect of dilutive securities: |
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Stock options |
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8,947 |
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8,098 |
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9,468 |
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8,167 |
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RSUs |
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5,287 |
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6,431 |
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6,342 |
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6,280 |
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TEUs |
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— |
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— |
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— |
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— |
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Weighted-average shares outstanding - diluted |
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220,276 |
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216,336 |
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221,191 |
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214,963 |
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Basic income (loss) per share attributable to common shareholders: |
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Continuing operations |
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$ |
0.42 |
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$ |
0.05 |
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$ |
0.78 |
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$ |
0.09 |
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Discontinued operations |
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$ |
(0.01 |
) |
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$ |
0.09 |
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$ |
0.35 |
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$ |
0.20 |
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Net income per share |
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$ |
0.41 |
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$ |
0.14 |
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$ |
1.13 |
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$ |
0.29 |
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Diluted income (loss) per share attributable to common shareholders: |
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Continuing operations |
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$ |
0.39 |
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$ |
0.04 |
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$ |
0.73 |
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$ |
0.09 |
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Discontinued operations |
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$ |
(0.01 |
) |
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$ |
0.09 |
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$ |
0.32 |
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$ |
0.18 |
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Net income per share |
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$ |
0.38 |
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$ |
0.13 |
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$ |
1.05 |
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$ |
0.27 |
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