Quarterly report [Sections 13 or 15(d)]

Net Income Per Share

v3.26.1
Net Income Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands except per share amounts):
Three Months Ended March 31,
2026 2025
EPS Numerator:
Net income $ 8,654  $ 11,446 
EPS Denominator—Basic:
Weighted-average common shares outstanding 18,412 17,808
EPS Denominator—Diluted:
Weighted-average common shares outstanding 18,412 17,808
Dilutive effect of stock options, RSUs and shares under Purchase Plan 1,274 361
Weighted-average shares outstanding and common stock equivalents 19,686 18,169
Net income per share
Basic $ 0.47  $ 0.64 
Diluted $ 0.44  $ 0.63 
The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive are as follows (in thousands):
Three Months Ended March 31,
2026 2025
Stock options 936  2,582 
RSUs 416  231 
Shares under Purchase Plan —  25 
Total 1,352  2,838