| Net Income Per Share |
Net Income (Loss) Per Share For the periods presented, the following table reconciles the denominators used in the basic and diluted net income (loss) per share calculations (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Denominator for basic calculation | 227,896 | | | 241,083 | | | 231,767 | | | 241,667 | | | Effect of dilutive securities: | | | | | | | | | Option awards | — | | | 7,649 | | | 1,768 | | | 8,653 | | | Unvested restricted stock units | — | | | 2,933 | | | 356 | | | 3,596 | | | | | | | | | | Denominator for dilutive calculation | 227,896 | | | 251,665 | | | 233,891 | | | 253,916 | |
For the periods presented, the following Class C capital stock equivalents were excluded from the calculations of diluted net income (loss) per share because their effect would have been antidilutive (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Weighted-average capital stock option awards outstanding | 1,986 | | | 3,344 | | | 2,278 | | | 3,478 | | | Weighted-average capital stock restricted stock units outstanding | 12,395 | | | 4,145 | | | 9,169 | | | 2,844 | | | Capital stock issuable upon conversion of the 2025 Notes | — | | | 3,084 | | | — | | | 4,652 | | | Total capital stock equivalents | 14,381 | | | 10,573 | | | 11,447 | | | 10,974 | |
|