Three months ended March 31,

 

2026

 

2025

 

(in thousands, except per share amounts)

Numerator:

Net income (loss)

$

(324)

$

11,947

Interest expense associated with convertible notes

—

253

Net income (loss) available to common shareholders

$

(324)

$

12,200

Denominator:

Basic weighted average shares outstanding

60,414

57,753

Effect of potentially dilutive share-based awards

—

693

Dilutive effect of convertible notes

—

1,788

Diluted weighted average shares outstanding

60,414

60,234

Net income (loss) per common share:

Basic

$

(0.01)

$

0.21

Diluted

$

(0.01)

$

0.20

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

232

954

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

N/A

174