| Earnings Per Share Laureate computes basic earnings per share (EPS) by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the potential dilution that would occur if share-based compensation awards were exercised or converted into common stock. To calculate the diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options, restricted stock units, and any other share-based compensation arrangements determined using the treasury stock method. The following tables summarize the computations of basic and diluted earnings per share: | | | | | | | | | | | | | For the three months ended September 30, | 2026 | | 2025 | | Numerator used in basic and diluted earnings per common share for continuing operations: | | | | | Income from continuing operations | $ | 101,216 | | | $ | 34,373 | | | Loss attributable to noncontrolling interests | — | | | 108 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income from continuing operations for basic and diluted earnings per share | $ | 101,216 | | | $ | 34,481 | | | | | | | | | | | | | | | | | | | Numerator used in basic and diluted earnings per common share for discontinued operations: | | | | | | | | | | | | | | | | | Income from discontinued operations, net of tax | $ | — | | | $ | 6 | | | | | | | Denominator used in basic and diluted earnings per common share: | | | | | Basic weighted average shares outstanding | 137,169 | | | 147,363 | | | Dilutive effect of stock options | 243 | | | 235 | | | Dilutive effect of restricted stock units | 573 | | | 613 | | | Diluted weighted average shares outstanding | 137,985 | | | 148,211 | | | | | | | Basic earnings per share: | | | | | Income from continuing operations | $ | 0.74 | | | $ | 0.23 | | | Income from discontinued operations | — | | | — | | | Basic earnings per share | $ | 0.74 | | | $ | 0.23 | | | Diluted earnings per share: | | | | | Income from continuing operations | $ | 0.73 | | | $ | 0.23 | | | Income from discontinued operations | $ | — | | | $ | — | | | Diluted earnings per share | $ | 0.73 | | | $ | 0.23 | |
| | | | | | | | | | | | | For the nine months ended September 30, | 2026 | | 2025 | | Numerator used in basic and diluted earnings per common share for continuing operations: | | | | | Income from continuing operations | $ | 216,725 | | | $ | 112,037 | | | Income attributable to noncontrolling interests | — | | | (2,178) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income from continuing operations for basic and diluted earnings per share | $ | 216,725 | | | $ | 109,859 | | | | | | | | | | | | | | | | | | | Numerator used in basic and diluted earnings per common share for discontinued operations: | | | | | | | | | | | | | | | | | Income from discontinued operations | $ | — | | | $ | 215 | | | | | | | Denominator used in basic and diluted earnings per common share: | | | | | Basic weighted average shares outstanding | 139,540 | | | 148,499 | | | Dilutive effect of stock options | 242 | | | 228 | | | Dilutive effect of restricted stock units | 570 | | | 503 | | | Diluted weighted average shares outstanding | 140,352 | | | 149,230 | | | | | | | Basic earnings per share: | | | | | Income from continuing operations | $ | 1.55 | | | $ | 0.74 | | | Income from discontinued operations | — | | | — | | | Basic earnings per share | $ | 1.55 | | | $ | 0.74 | | | Diluted earnings per share: | | | | | Income from continuing operations | $ | 1.54 | | | $ | 0.74 | | | Income from discontinued operations | — | | | — | | | Diluted earnings per share | $ | 1.54 | | | $ | 0.74 | |
As shown in the table below, for the periods presented there were no stock options or restricted stock units that were excluded from the diluted EPS calculations because the effect would have been antidilutive: | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended September 30, | | For the nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Stock options | — | | | — | | | — | | | — | | | Restricted stock units | — | | | — | | | — | | | — | |
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