Earnings per Share (Tables)
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9 Months Ended |
Sep. 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
September 30, |
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Nine months ended
September 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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109,450,632 |
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113,901,834 |
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109,862,635 |
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115,943,873 |
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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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1,179,200 |
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967,439 |
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1,220,311 |
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— |
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| Weighted average shares outstanding – Diluted |
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110,629,832 |
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114,869,273 |
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111,082,946 |
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115,943,873 |
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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
September 30, |
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Nine months ended
September 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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$ |
18,357 |
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$ |
185 |
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$ |
34,799 |
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$ |
(2,927) |
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| Net loss from discontinued operations, net of tax |
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(199) |
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(79,440) |
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(4,462) |
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(73,939) |
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| Net income (loss) |
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$ |
18,158 |
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$ |
(79,255) |
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$ |
30,337 |
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$ |
(76,866) |
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| Denominator: |
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| Weighted average shares outstanding – Basic |
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109,450,632 |
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113,901,834 |
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109,862,635 |
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115,943,873 |
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| Weighted average shares outstanding – Diluted |
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110,629,832 |
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114,869,273 |
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111,082,946 |
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115,943,873 |
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| Net income (loss) per share: |
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| Basic income (loss) per share - continuing operations |
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$ |
0.17 |
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$ |
— |
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$ |
0.32 |
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$ |
(0.03) |
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| Diluted income (loss) per share - continuing operations |
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$ |
0.17 |
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$ |
— |
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$ |
0.31 |
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$ |
(0.03) |
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| Basic loss per share - discontinued operations |
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$ |
— |
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$ |
(0.70) |
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$ |
(0.04) |
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$ |
(0.64) |
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| Diluted loss per share - discontinued operations |
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$ |
— |
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$ |
(0.69) |
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$ |
(0.04) |
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$ |
(0.64) |
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| Basic income (loss) per share |
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$ |
0.17 |
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$ |
(0.70) |
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$ |
0.28 |
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$ |
(0.66) |
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| Diluted income (loss) per share |
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$ |
0.16 |
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$ |
(0.69) |
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$ |
0.27 |
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$ |
(0.66) |
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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
September 30, |
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Nine months ended
September 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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156,344 |
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725,217 |
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245,378 |
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596,900 |
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| Anti-dilutive stock options |
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367,100 |
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367,100 |
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— |
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367,100 |
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