| Summary of Basic and Diluted Earnings Per Share |
The following table summarizes the basic and diluted earnings per share calculations (in thousands, except share and per share amounts):
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Three months ended
September 30, |
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Nine Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net income (loss) |
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$ |
26,286 |
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$ |
39,228 |
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$ |
34,646 |
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$ |
69,330 |
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Denominator: |
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Basic weighted average number of shares outstanding |
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69,956,631 |
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68,814,125 |
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69,233,744 |
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69,014,146 |
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Dilutive effect of equity awards |
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695,952 |
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451,175 |
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699,133 |
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290,924 |
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Diluted weighted average number of shares |
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70,652,583 |
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69,265,300 |
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69,932,877 |
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69,305,070 |
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Income (loss) per share: |
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Basic |
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$ |
0.38 |
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$ |
0.57 |
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$ |
0.50 |
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$ |
1.00 |
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Diluted |
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$ |
0.37 |
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$ |
0.57 |
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$ |
0.50 |
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$ |
1.00 |
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Potentially dilutive shares excluded as anti-dilutive |
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28,791 |
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6,490 |
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31,091 |
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12,715 |
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