Earnings Per Share |
6 Months Ended |
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Jun. 30, 2026 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share | Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding without consideration of potential common shares. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding plus potential common shares. Stock options, performance stock units (“PSUs”), restricted stock units (“RSUs”) and shares issuable under the Company’s Employee Stock Purchase Plan (“ESPP”) are considered potential common shares and are included in the calculation of diluted earnings per share using the treasury stock method when their effect is dilutive. Potential common shares are excluded from the calculation of diluted earnings per share when their effect is anti-dilutive. For the three months ended June 30, 2026, there were 3.5 million potential dilutive common shares that were included in the calculation of diluted earnings per share, which consists of: (i) 2.6 million stock options; (ii) 0.6 million PSUs; and (iii) 0.3 million RSUs. For the six months ended June 30, 2026, there were 4.3 million potential dilutive common shares that were included in the calculation of diluted earnings per share, which consists of: (i) 2.6 million stock options; (ii) 0.9 million RSUs; and (iii) 0.8 million PSUs. For each of the three and six months ended June 30, 2026, there were 2.7 million of potential common shares that were excluded from the calculation of diluted earnings per share because their effect was anti-dilutive. For the three months ended June 30, 2025, there were 2.6 million potential dilutive common shares that were included in the calculation of diluted earnings per share, which consists of: (i) 0.5 million stock options; (ii) 0.5 million PSUs; and (iii) 1.6 million RSUs. For the six months ended June 30, 2025, there were 3.3 million potential dilutive common shares that were included in the calculation of diluted earnings per share, which consists of: (i) 0.5 million stock options; (ii) 2.2 million RSUs; and (iii) 0.6 million PSUs. For each of the three and six months ended June 30, 2025, there were 7.5 million of potential common shares that were excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.
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