v3.26.3
NET INCOME (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE NET INCOME (LOSS) PER COMMON SHARE
Basic and diluted net income (loss) per common share is calculated by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. In accordance with ASC 260, Earnings per Share, if a company had a discontinued operation, the company uses income from continuing operations, adjusted for preferred dividend and similar adjustments, as its control number to determine whether potential common shares are dilutive.
The Company’s potentially dilutive shares, which include outstanding stock options, restricted stock units, and shares issuable upon conversion of the 2025 Notes, repaid in September 2025, 2029 Notes and 2032 Notes, are considered to be common stock equivalents. For the periods that the Company has reported net losses, all potentially dilutive securities are anti-dilutive and, accordingly, basic net loss per share equals diluted net loss per share.
Basic and diluted net loss per share is calculated as follows (in thousands, except share and per share amounts):
Three Months EndedNine Months Ended
September 30, 2026
Shares
Net Loss
EPSSharesNet LossEPS
Continuing operations94,627,788 $(61,037)$(0.64)93,335,461 $(132,436)$(1.42)
Discontinued operations94,627,788 $8,700 $0.09 93,335,461 $8,200 $0.09 
Basic and diluted loss per share94,627,788 $(52,337)$(0.55)93,335,461 $(124,236)$(1.33)

Three Months Ended
Nine Months Ended
September 30, 2025
Shares
Net Income
EPSShares
Net Loss
EPS
Basic income (loss) per share89,230,420 $25,706 $0.29 88,847,209 $(28,275)$(0.32)
Interest expense associated with
     convertible debt, net of tax
2,558 
Dilutive income (loss) per share102,618,560 $28,264 $0.28 88,847,209 $(28,275)$(0.32)
The calculation of diluted weighted average common shares outstanding for the three months ended September 30, 2025 was as follows:
Three Months Ended
September 30, 2025
Basic weighted average common shares outstanding89,230,420 
Dilutive common share equivalents - restricted stock units1,120,629 
Dilutive common share equivalents - convertible debt11,389,096 
Dilutive common share equivalents - options878,415 
Diluted weighted average common shares outstanding102,618,560 
The following common stock equivalents have been excluded because they were anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Convertible debt11,065,704 — 10,521,096 11,593,869 
Options7,577,397 5,948,756 8,296,057 9,947,928 
Restricted stock units5,346,596 55,566 5,440,841 4,368,415 
Total anti-dilutive shares23,989,697 6,004,322 24,257,994 25,910,212