​

​

Three Months Ended

​

​

March 31, 

​

​

2026

​

2025

​

​

(in thousands, except per share data)

Basic and dilutive numerator:

  ​ ​ ​

​

  ​ ​ ​

  ​ ​ ​

​

  ​ ​ ​

Net income

​

$

6,420

​

$

25,285

Denominator:

​

​

​

​

​

​

Weighted-average shares outstanding — basic

​

45,322

​

​

47,641

​

​

​

​

​

​

​

Net effect of dilutive securities:

​

​

​

​

​

​

Incremental shares from equity awards

​

1,136

​

​

2,249

Weighted-average shares outstanding — diluted

​

46,458

​

49,890

Net income per share — basic

​

$

0.14

​

$

0.53

Net income per share — diluted

​

$

0.14

​

$

0.51