Earnings (Loss) Per Ordinary Share

3 Months Ended

Mar. 31, 2025

13. EARNINGS (LOSS) PER ORDINARY SHARE

Basic earnings per ordinary share from continuing operations is calculated based upon net income from continuing operations available to holders of ordinary shares divided by the weighted average number of ordinary shares outstanding. Basic loss per ordinary share from discontinued operations is calculated based upon net loss from discontinued operations available to holders of ordinary shares, divided by the weighted average number of ordinary shares outstanding. For the calculation of diluted earnings (loss) per ordinary share from continuing operations and discontinuing operations, the Company utilizes the treasury stock method and adjusts the weighted average number of ordinary shares outstanding for the potential dilutive effect of outstanding ordinary share equivalents such as stock options and restricted stock unit awards.


	Three Months Ended
	March 31,
(In thousands)	2025		2024
Numerator:
Net income from continuing operations	$	22,464	$	38,948
Net loss from discontinued operations		—		(2,120	)
Net income	$	22,464	$	36,828
Denominator:
Weighted average number of ordinary shares outstanding		163,407		167,984
Effect of dilutive securities:
Stock options		2,393		1,734
Restricted stock unit awards		2,937		3,263
Dilutive ordinary share equivalents		5,330		4,997
Shares used in calculating diluted earnings per ordinary share		168,737		172,981

The following potential ordinary share equivalents were not included in the net earnings (loss) per ordinary share calculation because the effect would have been anti-dilutive:


	Three Months Ended
	March 31,
(In thousands)	2025		2024
Stock options		6,141		11,152
Restricted stock unit awards		1,818		1,776
Total		7,959		12,928