v3.26.1
Net Loss Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share Net Income (Loss) Per Share
The numerator for both basic and diluted earnings per share (EPS) is net income (loss). The denominator for basic EPS is the weighted-average number of shares outstanding during the period. The dilutive effect of outstanding stock options and RSUs is reflected in the denominator for diluted EPS using the treasury stock method.

The following table is a reconciliation of loss from continuing operations to net income (loss).
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net loss from continuing operations$(69,642)$(42,717)$(110,940)$(84,504)
Net income from discontinued operations, net of taxes89,157 6,466 93,681 7,217 
Net income (loss)$19,515 $(36,251)$(17,259)$(77,287)
The following table is a reconciliation of basic shares and diluted shares:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Basic shares63,594,453 63,136,057 63,522,516 63,051,207 
Effect of dilutive securities — — — — 
Diluted shares63,594,453 63,136,057 63,522,516 63,051,207 
Basic and diluted shares are the same for the three and six months ended June 30, 2026 and 2025 due to the Company's net loss from continuing operations. Although the Company recorded net income from discontinued operations in all periods presented, the net income from discontinued operations does not change the treatment of potentially dilutive securities. The Company is required to use net income (loss) from continuing operations as the benchmark to determine whether potential common shares are dilutive or antidilutive. Accordingly, all stock options and RSUs are excluded from the per share calculations as such securities were anti-dilutive for all periods presented and the number of stock options and RSUs that were excluded from the calculation of net loss per share are 15,596,192 and 15,508,633 for the three and six months ended June 30, 2026 and 2025, respectively.