Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators of Basic and Dilutive Net Income per Common Share Computations

A reconciliation of the numerators and the denominators of the basic and dilutive net income per common share computations are as follows (in thousands, except share and per share amounts):


			Three Months Ended March 31,
			2026				2025
Numerator:
Net income			$	7,315			$	25,682
Add: Interest expense, net of tax, attributable to assumed conversion of convertible senior notes				—				2,345
Net income, diluted			$	7,315			$	28,027

Denominator:
Weighted average basic common shares outstanding				34,384,207				33,721,603
Effect of dilutive securities:
Convertible senior notes				—				4,893,805
Options to purchase common stock				1,496,026				1,200,858
Restricted stock units				307,303				98,221
Restricted stock awards				515				—
Employee stock purchase plan				5,972				—
Weighted average dilutive common shares outstanding				36,194,023				39,914,487
Net income per share:
Basic			$	0.21			$	0.76
Diluted			$	0.20			$	0.70

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following potential common shares, presented based on weighted average shares outstanding, from the computation of diluted net income per share because including them would have had an anti-dilutive effect:


			Three Months Ended March 31,
			2026				2025
Convertible senior notes				4,893,805				—
Options to purchase common stock				130,948				900,069
Employee stock purchase plan				—				38,011
Restricted stock units				11,922				167,193
Restricted stock awards				—				4,128
				5,036,675				1,109,401