Basic earnings per share is computed in accordance with ASC 260, Earnings Per Share, based on weighted average outstanding common shares. Diluted earnings per share is computed based on basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs, and certain contingently issuable shares for which performance targets have been achieved.

The following table reconciles the weighted average share amounts used to compute both basic and diluted earnings per share (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Weighted average shares outstanding:
Basic weighted average shares outstanding	101,503	104,376	101,711	104,860
Add: Dilutive effect of stock options, RSUs, and contingently issuable shares	173	727	545	1,100
Diluted weighted average shares outstanding	101,676	105,103	102,256	105,960

The diluted earnings per share computation excludes 1.8 million and 2.0 million options to purchase shares, RSUs, and contingently issuable shares during the three months ended June 30, 2026 and 2025, respectively, as their effect would be anti-dilutive. The diluted earnings per share computation excludes 2.0 million and 1.7 million options to purchase shares, RSUs, and contingently issuable shares during the six months ended June 30, 2026 and 2025, respectively, as their effect would be anti-dilutive.

Common stock outstanding as of June 30, 2026, and December 31, 2025, was 101,223,741 and 102,712,071, respectively.