| Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share |
The following table presents the calculation of basic and diluted net income (loss) per share for the periods presented below (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income from continuing operations—basic | $ | 113,637 | | | $ | 104,596 | | | $ | 332,638 | | | $ | 115,147 | | | Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes | 3,337 | | | 3,333 | | | 10,011 | | | 6,792 | | | Net income from continuing operations—diluted | $ | 116,974 | | | $ | 107,929 | | | $ | 342,649 | | | $ | 121,939 | | | | | | | | | | | Net income (loss) from discontinued operations—basic and diluted | $ | 739,880 | | | $ | (29,093) | | | $ | 543,909 | | | $ | (62,900) | | | | | | | | | | | Total net income—basic | $ | 853,517 | | | $ | 75,503 | | | $ | 876,547 | | | $ | 52,247 | | | Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes | 3,337 | | | 3,333 | | | 10,011 | | | 6,792 | | | Total net income—diluted | $ | 856,854 | | | $ | 78,836 | | | $ | 886,558 | | | $ | 59,039 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average common shares outstanding—basic | 91,099 | | | 99,334 | | | 94,273 | | | 103,660 | | | Dilutive effect of outstanding stock-based compensation awards | 3,263 | | | 2,750 | | | 3,295 | | | 2,452 | | | Dilutive effect of assumed conversion of convertible senior notes | 22,873 | | | 22,873 | | | 22,873 | | | 17,912 | | | | | | | | | | | Weighted-average common shares outstanding—diluted | 117,235 | | | 124,957 | | | 120,441 | | | 124,024 | | | | | | | | | | | Basic net income (loss) per share attributable to common stockholders: | | | | | | | | | Continuing operations | $ | 1.25 | | | $ | 1.05 | | | $ | 3.53 | | | $ | 1.11 | | | Discontinued operations | 8.12 | | | (0.29) | | | 5.77 | | | (0.61) | | | Total basic net income per share attributable to common stockholders | $ | 9.37 | | | $ | 0.76 | | | $ | 9.30 | | | $ | 0.50 | | | | | | | | | | | Diluted net income (loss) per share attributable to common stockholders: | | | | | | | | | Continuing operations | $ | 1.00 | | | $ | 0.86 | | | $ | 2.84 | | | $ | 0.98 | | | Discontinued operations | 6.31 | | | (0.23) | | | 4.52 | | | (0.51) | | | Total diluted net income per share attributable to common stockholders | $ | 7.31 | | | $ | 0.63 | | | $ | 7.36 | | | $ | 0.47 | | | | | | | | | | | Outstanding stock-based compensation awards excluded from diluted weighted-average common shares outstanding because their effect would have been anti-dilutive | 633 | | | 3,831 | | | 1,032 | | | 4,086 | |
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