XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.25.3

EARNINGS (LOSS) PER SHARE | 9 Months Ended
--- | ---
Sep. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 16. EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, RSUs, and Notes. Calculation of earnings (loss) per share:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands, except per share amounts) (1) | 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) | $ | 43,364 |  |  | $ | (14,390) |  |  | $ | 158,863 |  |  | $ | (19,901) |
Weighted-average common shares outstanding | 170,567 |  |  | 171,250 |  |  | 171,045 |  |  | 170,036 |
Earnings (loss) per share, basic | $ | 0.25 |  |  | $ | (0.08) |  |  | $ | 0.93 |  |  | $ | (0.12) |
Net income (loss) | $ | 43,364 |  |  | $ | (14,390) |  |  | $ | 158,863 |  |  | $ | (19,901) |
Notes - interest expense, net of tax | — |  |  | — |  |  | 742 |  |  | — |
Numerator for diluted EPS | $ | 43,364 |  |  | $ | (14,390) |  |  | $ | 159,605 |  |  | $ | (19,901) |
Weighted-average effect of dilutive securities: |  |  |  |  |  |  |
Notes | — |  | — |  | 1,599 |  | —
Stock options | 10,113 |  | — |  | 8,971 |  | —
RSUs | 3,415 |  | — |  | 3,390 |  | —
Effect of dilutive securities | 13,528 |  | — |  | 13,960 |  | —
Weighted-average common shares outstanding, assuming dilution (2) (3) (4) | 184,095 |  | 171,250 |  | 185,005 |  | 170,036
Earnings (loss) per share, diluted | $ | 0.24 |  |  | $ | (0.08) |  |  | $ | 0.86 |  |  | $ | (0.12) |
Outstanding anti-dilutive stock options and RSUs (5) | 54 |  | 9,056 |  | 267 |  | 7,364
(1) The number of shares and per share amounts have been recast for all prior periods presented to reflect the effect of the Company’s Stock Split effected in the form of a stock dividend distributed on June 20, 2025. (2) All securities are excluded when their inclusion would be anti-dilutive. (3) The weighted-average shares underlying the conversion options in the Company’s Notes are included using the if-converted method, if dilutive in the period. (4) The Company’s Capped Call Transactions represented the equivalent number of shares of the Company’s common stock (representing the number of shares for which the Notes are convertible). The Capped Call Transactions are excluded from weighted-average common shares outstanding, assuming dilution, in all periods as their effect would be anti-dilutive. (5) Outstanding stock options and RSUs that were anti-dilutive under the treasury stock method in the period were excluded from the computation of diluted earnings (loss) per share. These awards may be dilutive in the future.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration