Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands except per share amounts):


	Three Months Ended March 31,
	2026		2025
EPS Numerator:
Net income	$	8,654	$	11,446
EPS Denominator—Basic:
Weighted-average common shares outstanding	18,412		17,808
EPS Denominator—Diluted:
Weighted-average common shares outstanding	18,412		17,808
Dilutive effect of stock options, RSUs and shares under Purchase Plan	1,274		361
Weighted-average shares outstanding and common stock equivalents	19,686		18,169

Net income per share
Basic	$	0.47	$	0.64
Diluted	$	0.44	$	0.63

Schedule of Antidilutive Securities

The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive are as follows (in thousands):


	Three Months Ended March 31,
	2026	2025
Stock options	936	2,582
RSUs	416	231
Shares under Purchase Plan	—	25
Total	1,352	2,838