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Earnings Per Ordinary Share
9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

82,761

 

 

$

92,795

 

 

$

192,323

 

 

$

226,401

 

Net loss from discontinued operations

 

 

 

 

 

(414

)

 

 

 

 

 

(5,834

)

Net income

 

$

82,761

 

 

$

92,381

 

 

$

192,323

 

 

$

220,567

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of ordinary shares outstanding

 

 

165,086

 

 

 

163,368

 

 

 

164,490

 

 

 

166,546

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,457

 

 

 

1,310

 

 

 

1,822

 

 

 

1,293

 

Restricted stock unit awards

 

 

1,967

 

 

 

2,347

 

 

 

2,133

 

 

 

2,357

 

Dilutive ordinary share equivalents

 

 

3,424

 

 

 

3,657

 

 

 

3,955

 

 

 

3,650

 

Shares used in calculating diluted earnings per ordinary share

 

 

168,510

 

 

 

167,025

 

 

 

168,445

 

 

 

170,196

 

 

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Stock options

 

 

9,668

 

 

 

11,047

 

 

 

9,711

 

 

 

12,311

 

Restricted stock unit awards

 

 

2,020

 

 

 

1,276

 

 

 

2,575

 

 

 

2,401

 

Total

 

 

11,688

 

 

 

12,323

 

 

 

12,286

 

 

 

14,712