v3.26.3
Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Note 10. Earnings (Loss) Per Share
The following table presents basic and diluted earnings (loss) per share:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Basic$0.62 $0.49 $3.01 $(5.01)
Diluted$0.11 $0.49 $2.93 $(5.01)
The following table presents the reconciliations of net income (loss) and weighted average shares outstanding used in the calculations of basic and diluted earnings (loss) per share (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Numerator:
Net income (loss) - basic$34,294 $26,784 $165,157 $(273,377)
Less: Gain on 2029 Notes conversion option change in fair value, net of tax (1)
(28,152)— — — 
Net income (loss) - diluted$6,142 $26,784 $165,157 $(273,377)
Denominator:
Basic weighted average shares outstanding55,088 54,630 54,918 54,529 
Add: Dilutive effect of share-based compensation (2)
1,639 523 1,398 — 
Add: Dilutive effect of convertible debt instrument (1)
640 — — — 
Diluted weighted average shares outstanding57,367 55,153 56,316 54,529 
(1)For the three months ended September 30, 2025, and for the nine months ended September 30, 2026 and 2025, the 2029 Notes were outstanding and potentially dilutive securities but were excluded from the computation of diluted earnings (loss) per share because their effect would have been anti-dilutive under the if-converted method. Anti-dilution from the 2029 Notes was 0.2 million shares for the nine months ended September 30, 2026.
(2)Excluded from the computation of diluted earnings (loss) per share were shares underlying stock options, SARs, and RSUs totaling 0.1 million and 0.5 million for the three months ended September 30, 2026 and 2025, respectively, and 0.1 million and 2.6 million for the nine months ended September 30, 2026 and 2025, respectively, because to include them would have been anti-dilutive under the treasury stock method.