Net Earnings per Share Available to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Earnings Per Share, Basic and Diluted

The following table provides a reconciliation of the numerator and the denominator used in computing basic and diluted earnings per share attributable to common stockholders (in thousands, except net earnings per share data):


	Three Months Ended
	March 31,
	2026		2025

Numerator for basic earnings per share:
Net income (loss) attributable to common stockholders	$	70,653	$	(23,814)
Net income (loss), numerator—basic	$	70,653	$	(23,814)

Numerator for diluted earnings per share:
Net income (loss) attributable to common stockholders	$	70,653	$	(23,814)
Add: debt interest cost, net of taxes	4,200		—
Net income (loss), numerator—diluted	$	74,853	$	(23,814)

Denominator for basic earnings per share:
Weighted average common shares outstanding	281,719		230,210

Denominator for diluted earnings per share:
Weighted average common shares outstanding—basic	281,719		230,210
Effect of dilutive securities:
Convertible notes	21,371		—
Stock options and awards	16,618		—
Weighted average common shares outstanding—diluted	319,708		230,210

Net earnings per share available to common stockholders:
Basic	$	0.25	$	(0.10)
Diluted	$	0.23	$	(0.10)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The following common stock equivalents were excluded from the computation of our earnings per share available to common stockholders, diluted, for the three months ended March 31, 2025, as their inclusion would have been antidilutive (in thousands):


												Three Months Ended March 31,

												2025

Convertible notes												59,955

Stock options and awards												7,265
												67,220