Earnings per Share (EPS)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Income (loss) from continuing operations	$	29,975	$	(10,125)	$	65,397	$	21,979
Loss from discontinued operations, net of tax	—		(14,742)		—		(49,731)


Net income (loss)	$	29,975	$	(24,867)	$	65,397	$	(27,752)
Denominator:
Weighted-average shares used in basic EPS	179,708		178,696		181,115		177,872
Dilutive effect of common stock equivalents (1)	1,297		—		1,593		3,470
Weighted-average shares used in diluted EPS	181,005		178,696		182,708		181,342

Basic earnings (loss) per share:
Continuing operations	$	0.17	$	(0.06)	$	0.36	$	0.12
Discontinued operations	—		(0.08)		—		(0.28)
Net income (loss)	$	0.17	$	(0.14)	$	0.36	$	(0.16)

Diluted earnings (loss) per share:
Continuing operations	$	0.17	$	(0.06)	$	0.36	$	0.12
Discontinued operations	—		(0.08)		—		(0.27)
Net income (loss)	$	0.17	$	(0.14)	$	0.36	$	(0.15)

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:	4,646		7,128		4,646		7,204

(1) Due to the net loss from continuing operations for the three months ended June 30, 2024, an additional 2.4 million of common stock equivalents were also excluded from the calculation of diluted earnings per share.

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.