Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects net income available to common stockholders divided by the weighted average number of common shares outstanding during the period, including the effect of dilutive common share equivalents. Dilutive equivalents include shares issuable upon the vesting of restricted stock awards and restricted stock units, the exercise of stock options and shares issuable under the Company's employee ESPP.


	Three Months Ended March 31,
	2026		2025
Net income (loss) available to common stockholders	$	108	$	(6,747)
Basic weighted average common shares outstanding	48,334		47,393
Effect of dilutive securities	712		—
Diluted weighted average common shares outstanding	49,046		47,393

Basic net income (loss) per common share	$	0.00	$	(0.14)
Diluted net income (loss) per common share	$	0.00	$	(0.14)

The computation of diluted earnings per share in the three months ended March 31, 2026 and 2025 excludes the effect of 1,156 and 3,008 shares because the effect would be anti-dilutive.