| EARNINGS (LOSS) PER SHARE |
NOTE 9—EARNINGS (LOSS) PER SHARE The Company treats its common stock and Class B common stock as one class of stock for net earnings (loss) per share (“EPS”) purposes as both classes of stock participate in earnings, dividends and other distributions on the same basis. Basic EPS is computed by dividing net earnings (loss) attributable to holders of the Company’s common stock and Class B common stock by the weighted-average number of shares of common stock and Class B common stock outstanding during the period. Diluted EPS is computed by dividing net earnings (loss) attributable to holders of the Company’s common stock and Class B common stock by the weighted-average number of common stock and Class B common stock outstanding plus dilutive securities during the period. The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In thousands, except per share data) | | Basic EPS: | | | | | | | | | Numerator: | | | | | | | | | Net earnings (loss) from continuing operations | $ | 514,735 | | | $ | 191,214 | | | $ | 515,253 | | | $ | (57,863) | | | Net (earnings) loss from continuing operations attributable to noncontrolling interests | (988) | | | 819 | | | (2,200) | | | 829 | | | Net earnings (loss) from continuing operations attributable to People Incorporated common stock and Class B common stock shareholders | 513,747 | | | 192,033 | | | 513,053 | | | (57,034) | | | | | | | | | | | Loss on the sale of Care.com, net of income taxes | (2,657) | | | — | | | (78,300) | | | — | | | (Loss) earnings from discontinued operations, net of income taxes | (4,239) | | | 19,419 | | | 216 | | | 53,928 | | | Net earnings from discontinued operations attributable to noncontrolling interests | — | | | — | | | — | | | (2,247) | | | Net (loss) earnings from discontinued operations attributable to People Incorporated common stock and Class B common stock shareholders | (6,896) | | | 19,419 | | | (78,084) | | | 51,681 | | | | | | | | | | | Net earnings (loss) attributable to People Incorporated common stock and Class B common stock shareholders | $ | 506,851 | | | $ | 211,452 | | | $ | 434,969 | | | $ | (5,353) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average basic People Incorporated common stock and Class B common stock shares outstanding | 74,817 | | | 80,195 | | | 75,774 | | | 81,402 | | | | | | | | | | | Earnings (loss) per share: | | | | | | | | | Earnings (loss) per share from continuing operations attributable to People Incorporated common stock and Class B common stock shareholders | $ | 6.87 | | | $ | 2.40 | | | $ | 6.77 | | | $ | (0.70) | | | (Loss) earnings per share from discontinued operations, net of income taxes, attributable to People Incorporated common stock and Class B common stock shareholders | (0.09) | | | 0.24 | | | (1.03) | | | 0.63 | | | Earnings (loss) per share attributable to People Incorporated common stock and Class B common stock shareholders | $ | 6.78 | | | $ | 2.64 | | | $ | 5.74 | | | $ | (0.07) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In thousands, except per share data) | | Diluted EPS: | | | | | | | | | Numerator: | | | | | | | | | Net earnings (loss) from continuing operations | $ | 514,735 | | | $ | 191,214 | | | $ | 515,253 | | | $ | (57,863) | | | Net (earnings) loss from continuing operations attributable to noncontrolling interests | (988) | | | 819 | | | (2,200) | | | 829 | | | | | | | | | | | Net earnings (loss) from continuing operations attributable to People Incorporated common stock and Class B common stock shareholders | 513,747 | | | 192,033 | | | 513,053 | | | (57,034) | | | | | | | | | | | Loss on the sale of Care.com, net of income taxes | (2,657) | | | — | | | (78,300) | | | — | | | (Loss) earnings from discontinued operations, net of income taxes | (4,239) | | | 19,419 | | | 216 | | | 53,928 | | | Net earnings from discontinued operations attributable to noncontrolling interests | — | | | — | | | — | | | (2,247) | | | Net (loss) earnings from discontinued operations attributable to People Incorporated common stock and Class B common stock shareholders | (6,896) | | | 19,419 | | | (78,084) | | | 51,681 | | | | | | | | | | | Net earnings (loss) attributable to People Incorporated common stock and Class B common stock shareholders | $ | 506,851 | | | $ | 211,452 | | | $ | 434,969 | | | $ | (5,353) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average basic People Incorporated common stock and Class B common stock shares outstanding | 74,817 | | | 80,195 | | | 75,774 | | | 81,402 | | Dilutive securities(a)(b)(c) | 1,105 | | | 2,011 | | | 1,088 | | | — | | Denominator for earnings per share—weighted average shares(a)(b)(c) | 75,922 | | | 82,206 | | | 76,862 | | | 81,402 | | | | | | | | | | | Earnings (loss) per share: | | | | | | | | | Earnings (loss) per share from continuing operations attributable to People Incorporated common stock and Class B common stock shareholders | $ | 6.77 | | | $ | 2.33 | | | $ | 6.67 | | | $ | (0.70) | | | (Loss) earnings per share from discontinued operations, net of income taxes, attributable to People Incorporated common stock and Class B common stock shareholders | (0.09) | | | 0.24 | | | (1.02) | | | 0.63 | | | Earnings (loss) per share attributable to People Incorporated common stock and Class B common stock shareholders | $ | 6.68 | | | $ | 2.57 | | | $ | 5.65 | | | $ | (0.07) | |
_____________________ (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity; the vesting of restricted stock units (“RSUs”); and the vesting of performance-based stock units (“PSUs”), if applicable. For the three and six months ended June 30, 2026 and the three months ended June 30, 2025, 0.2 million, 0.3 million and 0.7 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted EPS because their inclusion would have been anti-dilutive. (b) PSUs are considered contingently issuable shares and are included in the denominator for EPS if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2026, 0.2 million shares underlying PSUs were excluded from the calculation of diluted EPS because the performance conditions had not been met. (c) For the six months ended June 30, 2025, the Company had losses from continuing operations and, as a result, approximately 4.5 million of potentially dilutive securities were excluded from computing diluted EPS for the period because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute the diluted EPS amounts.
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