| Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share |
The following table presents the calculation of basic and diluted net income (loss) per share for the periods presented (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income from continuing operations—basic | $ | 114,339 | | | $ | 45,638 | | | $ | 219,001 | | | $ | 10,551 | | | Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes | 3,333 | | | 1,873 | | | 6,666 | | | — | | | Net income from continuing operations—diluted | $ | 117,672 | | | $ | 47,511 | | | $ | 225,667 | | | $ | 10,551 | | | | | | | | | | | Net loss from discontinued operations—basic and diluted | $ | (160,989) | | | $ | (16,798) | | | $ | (195,971) | | | $ | (33,807) | | | | | | | | | | | Total net (loss) income—basic | $ | (46,650) | | | $ | 28,840 | | | $ | 23,030 | | | $ | (23,256) | | | Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes | 3,333 | | | 1,873 | | | 6,666 | | | — | | | Total net (loss) income—diluted | $ | (43,317) | | | $ | 30,713 | | | $ | 29,696 | | | $ | (23,256) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average common shares outstanding—basic | 94,358 | | | 103,212 | | | 95,618 | | | 105,246 | | | Dilutive effect of outstanding stock-based compensation awards | 2,730 | | | 2,243 | | | 2,417 | | | 2,147 | | | Dilutive effect of assumed conversion of convertible senior notes | 22,873 | | | 16,059 | | | 22,873 | | | — | | | | | | | | | | | Weighted-average common shares outstanding—diluted | 119,961 | | | 121,514 | | | 120,908 | | | 107,393 | | | | | | | | | | | Basic net income (loss) per share attributable to common stockholders: | | | | | | | | | Continuing operations | $ | 1.21 | | | $ | 0.44 | | | $ | 2.29 | | | $ | 0.10 | | | Discontinued operations | (1.70) | | | (0.16) | | | (2.05) | | | (0.32) | | | Total basic net (loss) income per share attributable to common stockholders | $ | (0.49) | | | $ | 0.28 | | | $ | 0.24 | | | $ | (0.22) | | | | | | | | | | | Diluted net income (loss) per share attributable to common stockholders: | | | | | | | | | Continuing operations | $ | 0.98 | | | $ | 0.39 | | | $ | 1.87 | | | $ | 0.10 | | | Discontinued operations | (1.34) | | | (0.14) | | | (1.62) | | | (0.32) | | | Total diluted net (loss) income per share attributable to common stockholders | $ | (0.36) | | | $ | 0.25 | | | $ | 0.25 | | | $ | (0.22) | |
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| Schedule of Shares Excluded from the Calculation of Diluted Net Income (Loss) Per Share |
The following potentially issuable common shares were excluded from the calculation of diluted weighted-average common shares outstanding because their effect would have been anti-dilutive for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Stock-based compensation awards | 1,201 | | | 5,391 | | | 2,486 | | | 5,404 | | | Convertible senior notes | — | | | — | | | — | | | 22,873 | | | Total anti-dilutive securities | 1,201 | | | 5,391 | | | 2,486 | | | 28,277 | |
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