v3.26.1
NET INCOME (LOSS) PER COMMON SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE NET INCOME (LOSS) PER COMMON SHARE
Basic and diluted net income (loss) per common share is calculated by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. In accordance with ASC 260, Earnings per Share, if a company had a discontinued operation, the company uses income from continuing operations, adjusted for preferred dividend and similar adjustments, as its control number to determine whether potential common shares are dilutive.
The Company’s potentially dilutive shares, which include outstanding stock options, restricted stock units, and shares issuable upon conversion of the 2025 Notes, repaid in September 2025, 2029 Notes and 2032 Notes, are considered to be common stock equivalents. For the periods that the Company has reported net losses, all potentially dilutive securities are anti-dilutive and, accordingly, basic net loss per share equals diluted net loss per share.
Basic and diluted net loss per share is calculated as follows (in thousands, except share and per share amounts):
Three Months Ended June 30,
20262025
SharesNet LossEPSSharesNet LossEPS
Continuing operations93,479,416 $(34,797)$(0.37)88,945,624 $(12,755)$(0.14)
Discontinued operations93,479,416 — — 88,945,624 — — 
Basic and diluted loss per share93,479,416 $(34,797)$(0.37)88,945,624 $(12,755)$(0.14)
Six Months Ended June 30,
20262025
SharesNet LossEPSSharesNet LossEPS
Continuing operations92,678,588 $(71,399)$(0.77)88,652,428 $(53,981)$(0.61)
Discontinued operations92,678,588 (500)(0.01)88,652,428 — — 
Basic and diluted loss per share92,678,588 $(71,899)$(0.78)88,652,428 $(53,981)$(0.61)
The following common stock equivalents have been excluded because they were anti-dilutive:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Convertible debt10,562,989 11,697,953 10,244,279 11,697,953 
Options8,421,761 10,183,913 8,661,342 10,055,221 
Restricted stock units5,508,579 4,440,005 5,488,743 4,294,325 
Total anti-dilutive shares24,493,329 26,321,871 24,394,364 26,047,499