Three months ended March 31,

2025

2024

(in thousands, except per share amounts)

Numerator:

Net income

$

11,947

$

21,854

Interest expense associated with convertible notes

253

514

Net income available to common shareholders

$

12,200

$

22,368

Denominator:

Basic weighted average shares outstanding

57,753

55,968

Effect of potentially dilutive share-based awards

693

939

Dilutive effect of convertible notes

1,788

3,857

Diluted weighted average shares outstanding

60,234

60,764

Net income per common share:

Basic

$

0.21

$

0.39

Diluted

$

0.20

$

0.37

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

954

213

Potential shares to be issued for settlement of the convertible notes excluded from the diluted calculation as their effect would be antidilutive

174

N/A