v3.26.3
Earnings per share (EPS)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings per share (EPS)

14. Earnings per share (EPS)

For the three and nine months ended September 30, 2026, no adjustments were made to net income (loss) for purposes of calculating basic and diluted EPS under the treasury stock method. The following is a reconciliation of the weighted average shares used in diluted EPS computations.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Unaudited, In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Weighted average common shares-basic

 

 

41,178

 

 

 

39,766

 

 

 

40,842

 

 

 

39,468

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Unexercised stock options and stock purchase plan

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested restricted stock units

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares-diluted

 

 

41,178

 

 

 

39,766

 

 

 

40,842

 

 

 

39,468

 

 

There were 8.6 million and 9.2 million weighted average outstanding options, time-based restricted stock units, performance-based stock units, and market-based stock units not included in the diluted EPS computation for the three months ended September 30, 2026, and 2025, respectively, and 8.6 million weighted average outstanding options, time-based restricted stock units, performance-based stock units, and market-based stock units not included in the diluted EPS computation for both the nine months ended September 30, 2026, and 2025, respectively, because either (i) inclusion of these awards was anti-dilutive, or (ii) for performance-based stock units and market-based stock units, all necessary conditions had not been satisfied by the end of the respective period.