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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Earnings Per Share (Basic and Diluted)

Our earnings per share (basic and diluted) for 2025, 2024, and 2023 are presented below (in thousands, except per share amounts):

 

 

 

2025

 

 

2024

 

 

2023

 

Net income

 

$

219,472

 

 

$

599,043

 

 

$

476,347

 

Net loss attributable to the noncontrolling interest

 

 

384

 

 

 

775

 

 

 

377

 

Adjustment of redeemable noncontrolling interest to redemption value

 

 

(912

)

 

 

(2,280

)

 

 

(1,771

)

Earnings available to common shareholders

 

$

218,944

 

 

$

597,538

 

 

$

474,953

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

 

161,416

 

 

 

168,434

 

 

 

207,594

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

802

 

 

 

603

 

 

 

220

 

Restricted stock awards

 

 

13

 

 

 

—

 

 

 

—

 

Performance share awards

 

 

134

 

 

 

128

 

 

 

133

 

401(k) match shares

 

 

455

 

 

 

—

 

 

 

—

 

Weighted average number of common shares outstanding - diluted

 

 

162,820

 

 

 

169,165

 

 

 

207,947

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic

 

$

1.36

 

 

$

3.55

 

 

$

2.29

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - diluted

 

$

1.34

 

 

$

3.53

 

 

$

2.28

 

 
Schedule of Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income for Equity Awards The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards (in thousands):

 

 

 

2025

 

 

2024

 

 

2023

 

RSUs

 

$

14,342

 

 

$

29,544

 

 

$

20,931

 

RSAs

 

 

4,556

 

 

 

—

 

 

 

—

 

PSAs

 

 

7,280

 

 

 

8,988

 

 

 

3,566

 

Total employee awards stock-based compensation

 

 

26,178

 

 

 

38,532

 

 

 

24,497

 

Total income tax benefit

 

 

9,042

 

 

 

8,236

 

 

 

9,072

 

Employee awards stock-based compensation net of tax

 

$

17,136

 

 

$

30,296

 

 

$

15,425

 
Schedule of Restricted Stock and RSU Awards A summary of the RSUs activity is presented below:

 

 

 

2025

 

 

2024

 

 

2023

 

RSU

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

Unvested at beginning of year

 

 

3,487,234

 

 

$

15.39

 

 

 

3,465,380

 

 

$

17.12

 

 

 

2,543,732

 

 

$

17.80

 

Granted

 

 

1,466,264

 

 

 

17.01

 

 

 

2,060,749

 

 

 

13.43

 

 

 

2,289,278

 

 

 

16.09

 

Vested

 

 

(1,570,205

)

 

 

16.15

 

 

 

(1,683,051

)

 

 

16.44

 

 

 

(1,122,923

)

 

 

16.41

 

Cancelled

 

 

(1,336,530

)

 

 

15.43

 

 

 

(355,844

)

 

 

15.99

 

 

 

(244,707

)

 

 

17.78

 

Unvested at end of year

 

 

2,046,763

 

 

$

15.94

 

 

 

3,487,234

 

 

$

15.39

 

 

 

3,465,380

 

 

$

17.12

 
Schedule of RSAs Activity A summary of the RSAs activity is presented below:

 

 

 

2025

 

 

2024

 

 

2023

 

RSA

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

Unvested at beginning of year

 

 

—

 

 

$

—

 

 

 

—

 

 

$

—

 

 

 

—

 

 

$

—

 

Granted

 

 

833,157

 

 

 

16.03

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Vested1

 

 

(428,208

)

 

 

15.96

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Cancelled

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at end of year

 

 

404,949

 

 

$

16.11

 

 

 

—

 

 

$

—

 

 

 

—

 

 

$

—

 

1 Vested RSAs are related to shares retained for tax withholding.
Schedule of Nonvested Performance-based Units Activity A summary of the PSAs activity is presented below:

 

 

 

2025

 

 

2024

 

 

2023

 

PSA

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

 

Shares

 

 

Weighted average fair value

 

Unvested at beginning of year

 

 

1,335,345

 

 

$

14.22

 

 

 

948,021

 

 

$

18.16

 

 

 

986,104

 

 

$

18.18

 

Granted

 

 

549,905

 

 

 

16.66

 

 

 

1,132,073

 

 

 

12.72

 

 

 

642,413

 

 

 

16.33

 

Vested

 

 

(431,386

)

 

 

16.77

 

 

 

(604,102

)

 

 

16.72

 

 

 

(564,159

)

 

 

16.21

 

Cancelled

 

 

(293,653

)

 

 

13.32

 

 

 

(140,647

)

 

 

15.23

 

 

 

(116,337

)

 

 

18.25

 

Unvested at end of year

 

 

1,160,211

 

 

$

14.48

 

 

 

1,335,345

 

 

$

14.22

 

 

 

948,021

 

 

$

18.16

 

 
Schedule of Accumulated Other Comprehensive Loss The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):

 

2025

 

Retirement
Plans

 

 

Foreign
Currency Translation(1)

 

 

Total

 

Balance at beginning of year

 

$

(107,176

)

 

$

532

 

 

$

(106,644

)

Other comprehensive income before reclassifications

 

 

991

 

 

 

—

 

 

 

991

 

Amounts classified from AOCL

 

 

4,232

 

 

 

(532

)

 

 

3,700

 

Balance at end of year

 

$

(101,953

)

 

$

—

 

 

$

(101,953

)

 

2024

 

Retirement
Plans

 

 

Foreign
Currency Translation(1)

 

 

Total

 

Balance at beginning of year

 

$

(120,142

)

 

$

532

 

 

$

(119,610

)

Other comprehensive income before reclassifications

 

 

824

 

 

 

—

 

 

 

824

 

Amounts classified from AOCL

 

 

12,142

 

 

 

—

 

 

 

12,142

 

Balance at end of year

 

$

(107,176

)

 

$

532

 

 

$

(106,644

)

 

2023

 

Retirement
Plans

 

 

Foreign
Currency Translation(1)

 

 

Total

 

Balance at beginning of year

 

$

(126,065

)

 

$

532

 

 

$

(125,533

)

Other comprehensive loss before reclassifications

 

 

1,769

 

 

 

—

 

 

 

1,769

 

Amounts classified from AOCL

 

 

4,154

 

 

 

—

 

 

 

4,154

 

Balance at end of year

 

$

(120,142

)

 

$

532

 

 

$

(119,610

)

(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. We previously recorded our share of foreign currency translation adjustments through our equity method investment, however, accounting for this investment has been suspended as its carrying value has declined to $0.
Schedule of Reclassification out of Accumulated Other Comprehensive Loss Reclassifications out of AOCL related to these post-retirement plans and a realized gain on an available-for-sale investment included the following (in thousands):

 

 

 

2025

 

 

2024

 

 

2023

 

Amortization of prior service (credit) cost, net

 

$

(235

)

 

$

90

 

 

$

(464

)

Amortization of actuarial loss

 

 

5,961

 

 

 

5,941

 

 

 

6,054

 

Pension settlement charge

 

 

—

 

 

 

10,316

 

 

 

—

 

Foreign currency

 

 

(560

)

 

 

—

 

 

 

—

 

Total reclassifications, before tax

 

 

5,166

 

 

 

16,347

 

 

 

5,590

 

Income tax effect

 

 

(1,466

)

 

 

(4,205

)

 

 

(1,436

)

Total reclassifications, net of tax

 

$

3,700

 

 

$

12,142

 

 

$

4,154