Earnings per Share (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Earnings Per Share [Abstract] |
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| Reconciliation from Basic to Diluted Weighted Average Shares Outstanding |
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
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Three months ended
June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Weighted average shares outstanding – Basic |
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109,456,944 |
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116,232,528 |
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110,072,051 |
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116,745,476 |
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| Dilutive effect of unvested common shares and RSUs with service conditions, PSUs considered probable of vesting and assumed stock option exercises and conversions |
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1,382,950 |
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302,532 |
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1,240,866 |
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— |
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| Weighted average shares outstanding – Diluted |
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110,839,894 |
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116,535,060 |
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111,312,917 |
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116,745,476 |
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| Calculation of Basic and Diluted Earnings per Share |
Basic and diluted income per share are calculated as follows:
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Three months ended
June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Numerator: |
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| Net income (loss) from continuing operations |
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$ |
10,697 |
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$ |
5,022 |
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$ |
16,443 |
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$ |
(3,112) |
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| Net (loss) income from discontinued operations, net of tax |
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(2,832) |
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964 |
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(4,264) |
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5,501 |
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| Net income |
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$ |
7,865 |
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$ |
5,986 |
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$ |
12,179 |
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$ |
2,389 |
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| Denominator: |
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| Weighted average shares outstanding – Basic |
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109,456,944 |
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116,232,528 |
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110,072,051 |
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116,745,476 |
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| Weighted average shares outstanding – Diluted |
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110,839,894 |
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116,535,060 |
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111,312,917 |
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116,745,476 |
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| Net income per share: |
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| Basic income (loss) per share - continuing operations |
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$ |
0.10 |
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$ |
0.04 |
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$ |
0.15 |
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$ |
(0.03) |
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| Diluted income (loss) per share - continuing operations |
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$ |
0.10 |
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$ |
0.04 |
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$ |
0.15 |
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$ |
(0.03) |
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| Basic (loss) income per share - discontinued operations |
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$ |
(0.03) |
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$ |
0.01 |
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$ |
(0.04) |
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$ |
0.05 |
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| Diluted (loss) income per share - discontinued operations |
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$ |
(0.03) |
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$ |
0.01 |
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$ |
(0.04) |
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$ |
0.05 |
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| Basic income per share |
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$ |
0.07 |
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$ |
0.05 |
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$ |
0.11 |
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$ |
0.02 |
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| Diluted income per share |
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$ |
0.07 |
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$ |
0.05 |
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$ |
0.11 |
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$ |
0.02 |
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| Anti-dilutive Shares |
The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:
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Three months ended
June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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| Anti-dilutive RSUs and PSUs |
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354,062 |
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1,535,776 |
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289,552 |
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1,158,741 |
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| Anti-dilutive stock options |
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— |
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367,100 |
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367,100 |
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