Earnings per Share (EPS)

9 Months Ended

Sep. 30, 2024

The calculation of basic and diluted EPS is presented below. The sum of the EPS amounts may not equal the totals due to rounding.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Income from continuing operations	$	122,586	$	17,812	$	144,565	$	301
Loss from discontinued operations, net of tax	(261,058)		(30,331)		(310,789)		(162,092)


Net loss	$	(138,472)	$	(12,519)	$	(166,224)	$	(161,791)
Denominator:
Weighted-average shares used in basic EPS	180,242		176,099		178,695		175,428
Dilutive effect of common stock equivalents	3,596		4,270		3,750		4,155
Weighted-average shares used in diluted EPS	183,838		180,369		182,445		179,583

Basic earnings (loss) per share:
Continuing operations	$	0.68	$	0.10	$	0.81	$	—
Discontinued operations	(1.45)		(0.17)		(1.74)		(0.92)
Net loss	$	(0.77)	$	(0.07)	$	(0.93)	$	(0.92)

Diluted earnings (loss) per share:
Continuing operations	$	0.67	$	0.10	$	0.79	$	—
Discontinued operations	(1.42)		(0.17)		(1.70)		(0.90)
Net loss	$	(0.75)	$	(0.07)	$	(0.91)	$	(0.90)

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:	4,833		10,574		6,839		9,665

We utilize the control number concept in the computation of diluted earnings per share to determine whether potential common stock equivalents are dilutive. The control number used is income from continuing operations. The control number concept requires that the same number of potentially dilutive securities applied in computing diluted earnings per share from continuing operations be applied to all other categories of income or loss, regardless of their anti-dilutive effect on such categories.