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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 15. EARNINGS PER SHARE
Basic earnings per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, RSUs, and Convertible Senior Notes (the “Notes”), which were repaid in its entirety at maturity during the three months ended March 31, 2025.
Calculation of earnings per share:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, except per share amounts)2026202520262025
Net income$13,334 $30,077 $46,098 $115,499 
Weighted-average common shares outstanding165,613 170,776 167,206 171,287 
Earnings per share, basic$0.08 $0.18 $0.28 $0.67 
Net income$13,334 $30,077 $46,098 $115,499 
Notes - interest expense, net of tax
— — — 742 
Numerator for diluted EPS $13,334 $30,077 $46,098 $116,241 
Weighted-average effect of dilutive securities:
Notes
———2,412
Stock options4,1188,1905,5818,400
RSUs2,0343,1942,5073,378
Effect of dilutive securities6,15211,3848,08814,190
Weighted-average common shares outstanding, assuming dilution (1) (2) (3)
171,765182,160175,294185,477
Earnings per share, diluted$0.08 $0.17 $0.26 $0.63 
Outstanding anti-dilutive stock options and RSUs (4)
200502284373
(1) All securities are excluded when their inclusion would be anti-dilutive.
(2) The weighted-average shares underlying the conversion options in the Company’s Notes are included using the if-converted method, if dilutive in the period.
(3) In February 2020, the Company entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with certain financial institutions. The Capped Call Transactions expired upon maturity of the Notes during the three months ended March 31, 2025. The Company’s Capped Call Transactions represented the equivalent number of shares of the Company’s common stock (representing the number of shares for which the Notes are convertible). The Capped Call Transactions are excluded from weighted-average common shares outstanding, assuming dilution, in all periods as their effect would be anti-dilutive.
(4) Outstanding stock options and RSUs that were anti-dilutive under the treasury stock method in the period were excluded from the computation of diluted earnings per share. These awards may be dilutive in the future.