v3.26.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic net income per share of common stock is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed by including the basic weighted-average shares of common stock outstanding adjusted for the effects of all dilutive potential shares of common stock, which include, if dilutive, outstanding stock awards and shares issuable under the Company's ESPP. The computation of diluted earnings per share excludes the effect of the potential exercise of stock-based awards, including Stock Options, when the effect of the potential exercise would be anti-dilutive. The dilutive impact of the stock options is determined by applying the treasury stock method.
Basic and diluted net income per share of common stock were calculated as follows:
(in thousands, except share and per share amounts)Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Numerator
Income available to common stockholders (basic and diluted)$65,134 $32,896 $190,719 $81,159 
Denominator
Weighted-average number of common shares outstanding197,236,360 171,423,210 197,889,627 141,675,376 
Weighted-average number of warrants outstanding— — — 29,878,171 
Basic — weighted average number of shares outstanding197,236,360 171,423,210 197,889,627 171,553,547 
Effect of dilutive securities - time-vested options2,075,628 3,526,747 2,300,428 3,904,653 
Effect of dilutive securities - performance-based options2,465,772 — 2,629,825 — 
Effect of dilutive securities - RSUs, PSUs, and ESPP169,274 — 105,425 — 
Diluted — weighted average number of shares outstanding201,947,034 174,949,957 202,925,305 175,458,200 
Earnings per share
Basic$0.33 $0.19 $0.96 $0.47 
Diluted$0.32 $0.19 $0.94 $0.46 
The following equity awards were excluded from the computation of diluted earnings per share:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
RSUs13,621 — 210,451 — 
PSUs28,152 — 526,397 — 
The equity awards excluded from the calculation of the dilutive effect may be excluded due to one of the following: (1) the shares were antidilutive or (2) the necessary conditions had not been satisfied for the shares to be deemed issuable based on the Company's performance for the relevant performance period. The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards.