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Earnings Per Ordinary Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Ordinary Share

13. EARNINGS 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

87,098

 

 

$

94,658

 

 

$

109,562

 

 

$

133,606

 

Net loss from discontinued operations

 

 

 

 

 

(3,300

)

 

 

 

 

 

(5,420

)

Net income

 

$

87,098

 

 

$

91,358

 

 

$

109,562

 

 

$

128,186

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of ordinary shares outstanding

 

 

164,959

 

 

 

168,321

 

 

 

164,188

 

 

 

168,152

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,649

 

 

 

839

 

 

 

1,967

 

 

 

1,284

 

Restricted stock unit awards

 

 

1,749

 

 

 

1,817

 

 

 

2,315

 

 

 

2,524

 

Dilutive ordinary share equivalents

 

 

3,398

 

 

 

2,656

 

 

 

4,282

 

 

 

3,808

 

Shares used in calculating diluted earnings per ordinary share

 

 

168,357

 

 

 

170,977

 

 

 

168,470

 

 

 

171,960

 

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Stock options

 

 

9,901

 

 

 

14,049

 

 

 

8,919

 

 

 

12,339

 

Restricted stock unit awards

 

 

2,505

 

 

 

2,765

 

 

 

2,386

 

 

 

2,507

 

Total

 

 

12,406

 

 

 

16,814

 

 

 

11,305

 

 

 

14,846