We compute our basic and diluted net income per share in conformity with the two-class method because Restricted Stock Awards (“RSAs”) include voting and dividend rights and are therefore participating shares. Under the two-class method, net income is determined by allocating net income between common stock and unvested RSAs. We compute basic net income per share by dividing our net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period. We compute diluted net income per share by dividing our net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, including potentially dilutive stock options and unvested Restricted Stock Units (“RSUs”), less unvested RSAs. We use the treasury stock method to determine the number of dilutive shares of common stock resulting from stock options and unvested RSUs.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands, except per share amounts)
Numerator:
Net income attributable to common stockholders	$	42,141	$	34,611	$	11,017	$	54,918
Denominator:
Weighted-average shares used to compute basic net income per common share	105,377		104,111		104,909		104,108
Dilutive effect of employee stock options and unvested RSUs	13,008		16,374		11,464		16,119
Weighted-average shares used to compute diluted net income per common share	118,385		120,485		116,373		120,227

Net income per share attributable to common stockholders
Basic	$	0.40	$	0.33	$	0.11	$	0.53
Diluted	$	0.36	$	0.29	$	0.09	$	0.46

We excluded from the computation of diluted net income per share, on a weighted-average basis, 3.0 million and 4.8 million stock options and RSUs outstanding during the three and six months ended June 30, 2026, respectively, and 2.7 million and 2.0 million stock options outstanding during the three and six months ended June 30, 2025, respectively, because including them would have been anti-dilutive.