Earnings Per Share

3 Months Ended

Mar. 31, 2026

Basic earnings per share is computed in accordance with ASC 260, Earnings per Share, based on weighted average outstanding common shares. Diluted earnings per share is computed based on basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs, and certain contingently issuable shares for which performance targets have been achieved.

The following table reconciles the weighted average share amounts used to compute both basic and diluted earnings per share (in thousands):


	Three Months Ended March 31,
		2026	2025
Weighted average shares outstanding:
Basic weighted average shares outstanding		101,922	105,350
Add: Dilutive effect of stock options, RSUs, and contingently issuable shares		921	1,477
Diluted weighted average shares outstanding		102,843	106,827

The diluted earnings (loss) per share computation excludes 2.2 million and 1.4 million options to purchase shares, RSUs, and contingently issuable shares during the three months ended March 31, 2026 and 2025, respectively, as their effect would be anti-dilutive.

Common stock outstanding as of March 31, 2026, and December 31, 2025, was 101,364,767 and 102,712,071, respectively.