v3.26.1
Earnings Per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
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):

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

86,604

 

 

$

8,541

 

 

$

160,887

 

 

$

17,757

 

Less: Net loss attributable to noncontrolling interests

 

 

(81

)

 

 

(666

)

 

 

(238

)

 

 

(1,198

)

Net income from continuing operations attributable to common
   shareholders

 

 

86,685

 

 

 

9,207

 

 

 

161,125

 

 

 

18,955

 

Net (loss) income from discontinued operations

 

 

(2,395

)

 

 

19,001

 

 

 

71,932

 

 

 

38,795

 

Net income attributable to common shareholders

 

$

84,290

 

 

$

28,208

 

 

$

233,057

 

 

$

57,750

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

206,042

 

 

 

201,807

 

 

 

205,381

 

 

 

200,516

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

8,947

 

 

 

8,098

 

 

 

9,468

 

 

 

8,167

 

RSUs

 

 

5,287

 

 

 

6,431

 

 

 

6,342

 

 

 

6,280

 

TEUs

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - diluted

 

 

220,276

 

 

 

216,336

 

 

 

221,191

 

 

 

214,963

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.42

 

 

$

0.05

 

 

$

0.78

 

 

$

0.09

 

Discontinued operations

 

$

(0.01

)

 

$

0.09

 

 

$

0.35

 

 

$

0.20

 

Net income per share

 

$

0.41

 

 

$

0.14

 

 

$

1.13

 

 

$

0.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.39

 

 

$

0.04

 

 

$

0.73

 

 

$

0.09

 

Discontinued operations

 

$

(0.01

)

 

$

0.09

 

 

$

0.32

 

 

$

0.18

 

Net income per share

 

$

0.38

 

 

$

0.13

 

 

$

1.05

 

 

$

0.27