v3.25.2
Net Income Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed using the weighted average number of shares of common stock outstanding for the period, excluding unvested RSUs and stock options. Diluted net income per share is based upon the weighted average shares of common stock outstanding for the period plus dilutive potential shares of common stock, including unvested RSUs and stock options using the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Net income$29,440 $3,625 $48,128 $19,746 
Shares used to compute basic net income per share35,257 35,697 35,075 35,644 
Dilutive potential common shares
Stock options— 49 — 66 
Unvested restricted stock awards701 236 567 313 
Shares used to compute diluted net income per share35,958 35,982 35,642 36,023 
Basic net income per share$0.84 $0.10 $1.37 $0.55 
Diluted net income per share$0.82 $0.10 $1.35 $0.55 
Dilutive shares included in the calculation3,528 1,051 2,185 1,204 
Anti-dilutive shares excluded from the calculation1,788 1,992 1,955 1,329