Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 154

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 154
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 the three and nine months ended September 30, 2025.

22 

On July 4, 2025, the United States enacted tax reform legislation commonly referred to as the One Big Beautiful Bill Act (“OBBBA”). Included in this legislation are provisions that allow for the immediate expensing of certain domestic research and development expenses, immediate expensing of certain capital expenditures, and other changes to the U.S. taxation of profits derived from foreign operations. In the third quarter of 2025, the period of enactment, we included the impact of the OBBBA tax legislation in our results of operations and financial position, which were not material.

Note 12. Net Income per Share

 The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands, except per share amounts): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Numerator:Net income$56,753 $115,963 $274,591 $317,555 Denominator:Weighted average common shares outstanding, basic72,377 74,736 72,831 75,031 Dilutive effect of potential common stock42 21 49 118 Total shares, diluted72,419 74,757 72,880 75,149 Net income per share, basic$0.78 $1.55 $3.77 $4.23 Net income per share, diluted$0.78 $1.55 $3.77 $4.23 Anti-dilutive potential common shares11,321 1,173 1,273 689 

1 Represents approximately 1,320.9 thousand RSU for the three months ended September 30, 2025 and approximately 1,273.3 thousand RSU and 0.1 thousand ESPP weighted-average outstanding common stock equivalent shares for the nine months ended September 30, 2025. Approximately 1,169.7 thousand RSU and 3.1 thousand ESPP weighted average outstanding common stock equivalent shares for the three months ended September 30, 2024 and approximately 687.7 thousand RSU and 0.8 thousand ESPP weighted-average outstanding common stock equivalent shares for the nine months ended September 30, 2024 that are excluded from the calculation of diluted net income per share as