v3.26.1
Net Income Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The components and computation of basic and diluted net income per share were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands, except per share amounts)2026202520262025
Numerator
Net income$6,864 $19,733 $26,593 $41,929 
Denominator
Weighted average common shares outstanding, basic36,533 37,965 36,953 37,978 
Options to purchase common stock and ESPP— 73 5 86 
PSUs, RSUs, RSAs, and DSUs44 61 68 68 
Weighted average common shares outstanding, diluted36,577 38,099 37,026 38,132 
Net income per share
Basic$0.19 $0.52 $0.72 $1.10 
Diluted$0.19 $0.52 $0.72 $1.10 
The number of outstanding potential common shares that were excluded from the calculation of diluted net income per share as they were anti-dilutive was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
Anti-dilutive shares1,038 307 880 319