The components of basic and diluted net (loss) income per share are as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(In thousands, except per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net (loss) income |
|
$ |
(48,178 |
) |
|
$ |
38,575 |
|
|
$ |
(21,434 |
) |
|
$ |
70,914 |
|
Denominator: |
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Weighted average shares - basic |
|
|
151,945 |
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|
|
159,478 |
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|
|
151,896 |
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|
|
159,511 |
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Common stock equivalents(1) |
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|
— |
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|
|
2,065 |
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|
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— |
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|
|
2,293 |
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Weighted average shares - diluted |
|
|
151,945 |
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|
|
161,543 |
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|
|
151,896 |
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|
|
161,804 |
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Net (loss) income per share - basic |
|
$ |
(0.32 |
) |
|
$ |
0.24 |
|
|
$ |
(0.14 |
) |
|
$ |
0.44 |
|
Net (loss) income per share - diluted |
|
$ |
(0.32 |
) |
|
$ |
0.24 |
|
|
$ |
(0.14 |
) |
|
$ |
0.44 |
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Antidilutive shares excluded from diluted net (loss) income per share: |
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Restricted stock units |
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|
2,833 |
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|
|
20 |
|
|
|
3,060 |
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|
6 |
|
Non-qualified stock options |
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|
474 |
|
|
|
— |
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|
|
35 |
|
|
|
— |
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Performance share units |
|
|
727 |
|
|
|
325 |
|
|
|
727 |
|
|
|
325 |
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Common stock equivalents(1) |
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|
1,210 |
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|
|
— |
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|
1,526 |
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|
— |
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Total antidilutive shares excluded |
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|
5,244 |
|
|
|
345 |
|
|
|
5,348 |
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|
|
331 |
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(1) Due to the Company's overall loss position, common stock equivalents are antidilutive for both the three and six months ended June 30, 2026.
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