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 months ended March 31, 2026 and 2025 (in thousands):


	Three Months Ended March 31,
	2026		2025
Net (loss) / income	$	(47,569)	$	18,688
Shares used to compute basic net income per share	35,543		34,890
Dilutive potential common shares

Unvested restricted stock awards	—		432

Shares used to compute diluted net income per share	35,543		35,322
Basic net income per share	$	(1.34)	$	0.54
Diluted net income per share	$	(1.34)	$	0.53

Dilutive shares included in the calculation	—		827
Anti-dilutive shares excluded from the calculation	4,902		2,125