Earnings per Share (EPS)

3 Months Ended

Mar. 31, 2025

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 March 31,
	2025		2024
Numerator:
Income from continuing operations	$	35,422	$	32,104
Loss from discontinued operations, net of tax	—		(34,989)


Net income (loss)	$	35,422	$	(2,885)
Denominator:
Weighted-average shares used in basic EPS	182,872		176,997
Dilutive effect of common stock equivalents	1,901		4,483
Weighted-average shares used in diluted EPS	184,773		181,480

Basic earnings (loss) per share:
Continuing operations	$	0.19	$	0.18
Discontinued operations	—		(0.20)
Net income (loss)	$	0.19	$	(0.02)

Diluted earnings (loss) per share:
Continuing operations	$	0.19	$	0.18
Discontinued operations	—		(0.19)
Net income (loss)	$	0.19	$	(0.02)

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:	3,969		7,063

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.