EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Summary of Computation of The Company's Basic and Diluted Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted earnings per share for the three months ended March 31, 2025 and 2024 (in thousands except share and per share data):


		Three months ended March 31,
		2025				2024
Numerator:
Net income		$	(1,669	)		$	3,126
Less: Redeemable Convertible Preferred Stock dividends			—				—
Net income attributable to common shareholders — basic		$	(1,669	)		$	3,126
Add: Redeemable Convertible Preferred Stock dividends			—				—
Net income attributable to common shareholders — diluted		$	(1,669	)		$	3,126
Denominator
Weighted-average common shares used in computing earnings per share — basic			35,592,737				29,768,568
Weighted-average effect of potentially dilutive securities:
Effect of potentially dilutive time-based stock options			—				—
Effect of potentially dilutive performance-based stock options			—				—
Effect of potentially dilutive restricted stock units			—				—
Weighted-average common shares outstanding — diluted			35,592,737				29,768,568
Earnings per share — basic		$	(0.05	)		$	0.11
Earnings per share — diluted		$	(0.05	)		$	0.11

Summary of Company's Potentially Dilutive Securities Excluded

As of March 31, 2025 and March 31, 2024, the Company’s potentially dilutive securities consisted of options to purchase common stock. Based on the amounts outstanding for the three months ended March 31, 2025 and 2024, the Company excluded the following potential common shares from the computation of diluted earnings per share because including them would have had an anti-dilutive effect. The options excluded from the diluted earnings per share calculations were as follows:


		Three months ended March 31,
		2025				2024
Time-based options outstanding			4,396,855				4,427,659
Performance-based options outstanding			534,063				534,063
Total			4,930,918				4,961,722