XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.3
Net Income Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share

4. Net Income Per Share

Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding, while diluted net income per share is computed by dividing net income by the sum of the weighted average number of common shares outstanding and the weighted average number of dilutive potential common shares. Dilutive potential common shares relate to our share-based compensation arrangements.

The calculation of basic and diluted net income per share is as follows.

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per-share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

152,802

 

 

$

166,555

 

 

$

459,377

 

 

$

496,560

 

Income (loss) from discontinued operations, net of tax

 

 

(11,359

)

 

 

(14,663

)

 

 

(31,580

)

 

 

(40,411

)

Net income—basic and diluted

 

$

141,443

 

 

$

151,892

 

 

$

427,797

 

 

$

456,149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding—basic

 

 

137,003

 

 

 

151,846

 

 

 

140,265

 

 

 

153,199

 

Dilutive effect of share-based compensation arrangements (1)

 

 

923

 

 

 

1,227

 

 

 

1,145

 

 

 

1,408

 

Adjusted average common shares outstanding—diluted

 

 

137,926

 

 

 

153,073

 

 

 

141,410

 

 

 

154,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

1.12

 

 

$

1.10

 

 

$

3.28

 

 

$

3.24

 

Income (loss) from discontinued operations, net of tax

 

 

(0.08

)

 

 

(0.10

)

 

 

(0.23

)

 

 

(0.26

)

Basic net income per share

 

$

1.04

 

 

$

1.00

 

 

$

3.05

 

 

$

2.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

1.11

 

 

$

1.09

 

 

$

3.25

 

 

$

3.21

 

Income (loss) from discontinued operations, net of tax

 

 

(0.08

)

 

 

(0.10

)

 

 

(0.22

)

 

 

(0.26

)

Diluted net income per share

 

$

1.03

 

 

$

0.99

 

 

$

3.03

 

 

$

2.95

 

 

(1)
The following number of shares of our common stock equivalents issued under our share-based compensation arrangements are not included in the calculation of diluted net income per share because their effect would be anti-dilutive.

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock equivalents

 

 

—

 

 

 

—

 

 

 

7

 

 

 

5