Quarterly report [Sections 13 or 15(d)]

Net Income Per Share (Tables)

v3.26.3
Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings 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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
EPS Numerator:
Net income $ 13,185  $ 27,900  $ 39,129  $ 98,959 
EPS Denominator—Basic:
Weighted-average common shares outstanding 18,710 18,038 18,557 17,912
EPS Denominator—Diluted:
Weighted-average common shares outstanding 18,710 18,038 18,557 17,912
Dilutive effect of stock options, RSUs and shares under Purchase Plan 1,729 1,118 1,339 467
Weighted-average shares outstanding and common stock equivalents 20,439 19,156 19,896 18,379
Net income per share
Basic $ 0.70  $ 1.55  $ 2.11  $ 5.52 
Diluted $ 0.65  $ 1.46  $ 1.97  $ 5.38 
Schedule of Antidilutive Securities
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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Stock options 319  1,166  579  2,223 
RSUs 34  —  36  174 
Total 353  1,166  615  2,397