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 net income (loss) per common share is calculated by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is calculated using the weighted-average number of shares of common stock outstanding and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of stock options, Performance-based restricted stock units ("RSUs"), Time-based RSUs, and stock purchase rights granted under the Employee Stock Purchase Plan ("ESPP"). The dilutive effect of these securities are reflected in diluted income (loss) per share by application of the treasury stock method. Potentially dilutive securities are excluded from the computation of diluted net income (loss) per share if their effect is antidilutive.
Reconciliations of the numerators and denominators of basic and diluted net income (loss) per common share for the periods presented are as follows:
Three Months Ended June 30,Six Months Ended June 30,

2026202520262025
(Shares in thousands):
Weighted-average common stock outstanding - basic
362,842 374,796 363,208 377,011
Effects of dilutive securities:
Stock options
225 485 205 520 
Performance-based RSUs
1,769 108 1,615 84 
Time-based RSUs
817 1,414 706 1,408 
ESPP
20 12 10 6 
Weighted-average common stock outstanding - diluted
365,673 376,815 365,744 379,029 
The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:
Three Months Ended June 30,Six Months Ended June 30,
(Shares in thousands)2026202520262025
Stock options— — — — 
Performance-based RSUs 1
— — — — 
Time-based RSUs1 2 2 2 
ESPP
— — — — 
____________________
1     Performance-based RSUs represent the number of shares expected to be issued based on the estimated achievement of the performance metric for these awards.