| Income Per Share |
Income Per Share A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows (in thousands, except for share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Basic income per share: | | | | | | | | | Net income | $ | 40,867 | | | $ | 32,184 | | | $ | 84,150 | | | $ | 61,453 | | | Net income attributable to common shares | $ | 40,867 | | | $ | 32,184 | | | $ | 84,150 | | | $ | 61,453 | | | Weighted average common stock outstanding | 191,868,642 | | 173,358,382 | | 191,719,015 | | 172,467,988 | | | | | | | | | | Basic weighted average common stock outstanding | 191,868,642 | | 173,358,382 | | 191,719,015 | | 172,467,988 | | Basic income per share | $ | 0.21 | | | $ | 0.19 | | | $ | 0.44 | | | $ | 0.36 | | | | | | | | | | | Diluted income per share: | | | | | | | | | Net income | $ | 40,867 | | | 32,184 | | | $ | 84,150 | | | 61,453 | | | Net income attributable to common shares | $ | 40,867 | | | $ | 32,184 | | | $ | 84,150 | | | $ | 61,453 | | | Dilutive effect of stock options | 2,302,649 | | 7,096,155 | | 2,640,008 | | 7,466,035 | | Dilutive effect of RSUs | 327,489 | | 1,140,850 | | 520,876 | | 1,139,670 | | Dilutive effect of ESPP | 14,262 | | 3,746 | | 22,273 | | 2,456 | | Weighted average common stock outstanding | 194,513,042 | | 181,599,133 | | 194,902,172 | | 181,076,149 | | | | | | | | | | Diluted weighted average common stock outstanding | 194,513,042 | | 181,599,133 | | 194,902,172 | | 181,076,149 | | Diluted income per share | $ | 0.21 | | | $ | 0.18 | | | $ | 0.43 | | | $ | 0.34 | |
Because of their anti-dilutive effect, 9,675,866 and 1,381,263 common share equivalents comprised of stock options and RSUs have been excluded from the diluted earnings per share calculation for the three months ended June 30, 2026 and 2025, respectively. Because of their anti-dilutive effect, 7,492,235 and 1,125,049 common share equivalents comprised of stock options and RSUs have been excluded from the diluted earnings per share calculation for the six months ended June 30, 2026 and 2025, respectively.
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