| Summary of Basic and Diluted Net Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common shareholders (in thousands, except per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Numerator: |
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|
|
|
|
|
|
|
|
|
|
|
Net income (loss) from continuing operations |
|
$ |
37,488 |
|
|
$ |
(25,672 |
) |
|
$ |
55,245 |
|
|
$ |
(73,213 |
) |
Less: Net loss attributable to noncontrolling interests |
|
|
(595 |
) |
|
|
(751 |
) |
|
|
(1,793 |
) |
|
|
(1,864 |
) |
Net income (loss) from continuing operations attributable to
common shareholders |
|
|
38,083 |
|
|
|
(24,921 |
) |
|
|
57,038 |
|
|
|
(71,349 |
) |
Net income from discontinued operations |
|
|
17,753 |
|
|
|
16,691 |
|
|
|
56,548 |
|
|
|
37,288 |
|
Net income (loss) attributable to common shareholders |
|
$ |
55,836 |
|
|
$ |
(8,230 |
) |
|
$ |
113,586 |
|
|
$ |
(34,061 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
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|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares outstanding - basic |
|
|
203,487 |
|
|
|
198,491 |
|
|
|
202,067 |
|
|
|
190,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
7,835 |
|
|
|
— |
|
|
|
8,387 |
|
|
|
— |
|
RSUs |
|
|
6,660 |
|
|
|
— |
|
|
|
8,065 |
|
|
|
— |
|
TEUs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted-average shares outstanding - diluted |
|
|
217,982 |
|
|
|
198,491 |
|
|
|
218,519 |
|
|
|
190,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic income (loss) per share attributable to common shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
0.19 |
|
|
$ |
(0.13 |
) |
|
$ |
0.28 |
|
|
$ |
(0.37 |
) |
Discontinued operations |
|
$ |
0.08 |
|
|
$ |
0.09 |
|
|
$ |
0.28 |
|
|
$ |
0.19 |
|
Net income (loss) |
|
$ |
0.27 |
|
|
$ |
(0.04 |
) |
|
$ |
0.56 |
|
|
$ |
(0.18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted income (loss) per share attributable to common shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
0.17 |
|
|
$ |
(0.13 |
) |
|
$ |
0.26 |
|
|
$ |
(0.37 |
) |
Discontinued operations |
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.26 |
|
|
$ |
0.19 |
|
Net income (loss) |
|
$ |
0.26 |
|
|
$ |
(0.04 |
) |
|
$ |
0.52 |
|
|
$ |
(0.18 |
) |
|
| Summary of Shares Excluded from Computation of Diluted Net Income (Loss) Per Share |
The following potentially common share equivalents were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Stock options |
|
|
245 |
|
|
|
15,096 |
|
|
|
1,303 |
|
|
|
15,096 |
|
RSUs |
|
|
— |
|
|
|
11,078 |
|
|
|
— |
|
|
|
11,078 |
|
TEUs |
|
|
— |
|
|
|
1,881 |
|
|
|
— |
|
|
|
1,881 |
|
Other |
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
9 |
|
Total |
|
|
245 |
|
|
|
28,064 |
|
|
|
1,303 |
|
|
|
28,064 |
|
|