(Loss) Earnings Per Ordinary Share

6 Months Ended

Jun. 30, 2026

15. (LOSS) EARNINGS PER ORDINARY SHARE

Basic (loss) earnings per ordinary share is calculated based upon net (loss) income available to holders of ordinary shares, divided by the weighted average number of ordinary shares outstanding. For the calculation of diluted (loss) earnings per ordinary share, 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)	2026		2025		2026			2025
Numerator:
Net (loss) income	$	501	$	87,098	$	(65,979	)	$	109,562
Denominator:
Weighted average number of ordinary shares outstanding		167,026		164,959		166,613			164,188
Effect of dilutive securities:
Stock options		3,703		1,649		—			1,967
Restricted stock unit awards		2,749		1,749		—			2,315
Dilutive ordinary share equivalents		6,452		3,398		—			4,282
Shares used in calculating diluted (loss) earnings per ordinary share		173,478		168,357		166,613			168,470

The following potential ordinary share equivalents were not included in the net (loss) 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)	2026		2025		2026		2025
Stock options		4,882		9,901		8,235		8,919
Restricted stock unit awards		870		2,505		4,802		2,386
Total		5,752		12,406		13,037		11,305