Income (Loss) Per Share

6 Months Ended

Jun. 30, 2026

Income (Loss) Per Share Net income (loss) for the reported period is divided by the weighted average number of basic and diluted common shares outstanding

during the reported period to calculate the basic and diluted income (loss) per share, respectively. Outstanding stock options to purchase

common shares, unvested restricted stock units (“RSUs”), and unvested performance restricted stock units (“PRSUs”) are collectively

referred to as “equity awards.”

•Basic income (loss) per share is computed using the weighted average number of common shares outstanding during the period.

•Diluted income (loss) per share is computed using the weighted average number of common and potentially dilutive shares

outstanding during the period, using the treasury stock method. Any anti-dilutive effect of equity awards outstanding is not

included in the computation of diluted income (loss) per share.

The following tables present the computation of basic and diluted income (loss) per share.


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
	(In thousands, except per share amounts)
Numerator
Net income (loss)	$(3,198)	$2,054	$(15,449)	$(7,826)

Denominator (weighted average shares)
Basic common shares outstanding	51,463	54,257	52,058	54,578
Stock options	—	173	—	—
RSUs	—	56	—	—
Diluted common shares outstanding	51,463	54,486	52,058	54,578

Income (Loss) Per Share
Basic	$ (0.06)	$ 0.04	$ (0.30)	$ (0.14)
Diluted	$ (0.06)	$ 0.04	$ (0.30)	$ (0.14)

The following tables present the equity awards that are excluded from diluted income (loss) per share because (i) their effect would

have been anti-dilutive, or (ii) the equity awards were contingent upon conditions for issuance which were not satisfied as of June 30, 2026.


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
	(In thousands)
Anti-dilutive equity award shares	2,492	1,992	2,492	3,038