Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings per share of common stock:

Schedule of Reconciliation of the Numerators and the Denominators of the 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:


		Three months ended
		March 31,
		2026				2025
		(in thousands, except per share data)
Numerator:
Net income		$	15,679			$	11,011

Denominator:
Weighted average basic common shares outstanding			22,801				22,570
Effect of dilutive securities:
Options to purchase common stock			174				259
Restricted stock units			24				39
Performance-based restricted stock units			32				31
Weighted average dilutive common shares outstanding			23,031				22,899

Net income per share:
Basic		$	0.69			$	0.49
Diluted		$	0.68			$	0.48

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company has excluded potential dilutive securities from the computation of diluted earnings per common share that would be anti-dilutive to net income per common share. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net income per common share attributable to common shareholders for the periods indicated because including them would have an anti-dilutive effect:


		Three months ended
		March 31,
		2026				2025
		(in thousands)
Convertible senior notes			1,443				1,441
Options to purchase common stock			296				126
Restricted stock units			—				32
Performance-based restricted stock units			—				10
			1,739				1,609