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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

74

 

 

$

62

 

 

$

188

 

 

$

99

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per common share - basic

 

 

67.3

 

 

 

67.4

 

 

 

67.3

 

 

 

67.2

 

Effect of dilutive securities

 

 

0.3

 

 

 

0.2

 

 

 

0.3

 

 

 

0.3

 

Shares used in net income per common share - diluted

 

 

67.6

 

 

 

67.6

 

 

 

67.6

 

 

 

67.5

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.10

 

 

$

0.92

 

 

$

2.79

 

 

$

1.48

 

Diluted

 

$

1.10

 

 

$

0.92

 

 

$

2.78

 

 

$

1.47