v3.26.1
STOCKHOLDERS’ DEFICIT
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
STOCKHOLDERS’ DEFICIT STOCKHOLDERS’ DEFICIT
Share-Based Compensation
Share-based compensation expense for continuing operations, which is included in “Corporate expenses” on the Consolidated Statements of Income (Loss), was $7.9 million and $7.4 million for the three months ended June 30, 2026 and 2025, respectively, and $13.8 million and $12.8 million for the six months ended June 30, 2026 and 2025, respectively.
Annual Grants
On April 29, 2026, the Company granted approximately 3.6 million restricted stock units (“RSUs”) to certain employees under the Company’s stock incentive plan as part of the Company’s annual compensation program.
The RSUs vest in full on the one-year anniversary of the grant date, subject to continued employment through the vesting date. The awards are also subject to accelerated vesting upon certain qualifying terminations and in connection with a change in control in which the awards are not assumed or substituted, as set forth in the applicable award agreements.
The RSUs are accounted for as equity-classified awards under ASC 718, and compensation expense is recognized on a straight-line basis over the requisite service period.
As of June 30, 2026, 25,230,755 shares remained available for issuance under the Company’s stock incentive plan, assuming a 100% payout of all outstanding performance stock units, including awards granted to employees of discontinued operations.
Computation of Net Income (Loss) per Share
The following table presents the computation of net income (loss) per share for the three and six months ended June 30, 2026 and 2025:
(In thousands, except per share data)Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Numerators:
Income (loss) from continuing operations$(10,002)$6,331 $(59,449)$(48,971)
Less: Net income from continuing operations attributable to noncontrolling interests358 1,106 958 1,776 
Net income (loss) from continuing operations attributable to the Company(10,360)5,225 (60,407)(50,747)
Income from discontinued operations5,038 4,318 6,491 122,833 
Less: Net income from discontinued operations attributable to noncontrolling interests1 23 1 57 
Net income from discontinued operations attributable to the Company5,037 4,295 6,490 122,776 
Net income (loss) attributable to the Company$(5,323)$9,520 $(53,917)$72,029 
Denominators:
Weighted average common shares outstanding – Basic508,993 496,792 503,770 493,580 
Weighted average common shares outstanding – Diluted(1)
508,993 498,401 503,770 493,580 
Net income (loss) attributable to the Company per share of common stock — Basic and Diluted:
Net income (loss) from continuing operations attributable to the Company per share of common stock$(0.02)$0.01 $(0.12)$(0.10)
Net income from discontinued operations attributable to the Company per share of common stock0.01 0.01 0.01 0.25 
Net income (loss) attributable to the Company per share of common stock — Basic and Diluted$(0.01)$0.02 $(0.11)$0.15 
(1)Outstanding equity awards equivalent to 39.5 million shares for the three months ended June 30, 2026 and 42.3 million and 28.3 million shares for the six months ended June 30, 2026 and 2025, respectively, were excluded from the computation of diluted earnings per share as their inclusion would have been anti-dilutive. For the three months ended June 30, 2025, diluted weighted average common shares outstanding included 1.6 million shares from the assumed conversion of dilutive equity awards, calculated using the treasury stock method.