v3.26.1
Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

175

 

 

$

62

 

 

$

258

 

 

$

114

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per share - basic

 

 

67.6

 

 

 

67.2

 

 

 

67.5

 

 

 

67.3

 

Dilutive effect of potential shares

 

 

 

 

 

 

 

 

 

 

 

 

Equity awards

 

 

0.6

 

 

 

0.2

 

 

 

0.7

 

 

 

0.2

 

Convertible Notes

 

 

4.5

 

 

 

 

 

 

3.7

 

 

 

 

Shares used in net income per share - diluted

 

 

72.7

 

 

 

67.4

 

 

 

71.9

 

 

 

67.5

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.59

 

 

$

0.92

 

 

$

3.83

 

 

$

1.69

 

Diluted

 

$

2.41

 

 

$

0.92

 

 

$

3.60

 

 

$

1.69