The table below provides a reconciliation of the numerators and denominators of basic and diluted net income (loss) per share for the three months ended March 31, 2026 and 2025 (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | | | Numerators: | | | | | | | | | | | Net income | $ | 1,108 | | | $ | 3,158 | | | | | | | | | Less: Income attributable to unvested restricted stock awards | (38) | | | (114) | | | | | | | | | Numerator for basic net income per share | 1,070 | | | 3,044 | | | | | | | | | Effect of dilutive securities: | | | | | | | | | | | | | | | | | | | | | Unvested restricted stock awards | — | | | — | | | | | | | | | Numerator for diluted net income per share | $ | 1,070 | | | $ | 3,044 | | | | | | | | | | | | | | | | | | | Denominators: | | | | | | | | | | | Weighted average number of common shares outstanding | 59,904 | | | 62,049 | | | | | | | | | Less: Weighted average number of unvested restricted stock awards outstanding | (2,119) | | | (1,882) | | | | | | | | | Denominator for basic net income per share | 57,785 | | | 60,167 | | | | | | | | | Effect of dilutive securities: | | | | | | | | | | Shares issuable upon conversion of 2026 Notes | 529 | | | — | | | | | | | | | Performance share units | 125 | | | — | | | | | | | | | Denominator for diluted net income per share | 58,439 | | | 60,167 | | | | | | | | | | | | | | | | | | | Net income per share: | | | | | | | | | | | Basic | $ | 0.02 | | | $ | 0.05 | | | | | | | | | Diluted | 0.02 | | | 0.05 | | | | | | | |
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