v3.26.1
Net Earnings (loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator used in Computing Basic and Diluted Net Loss Per Share

For the periods presented, the following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net earnings (loss) per share (in thousands, except per share amounts):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

12,220

 

 

$

11,553

 

 

$

(13,041

)

 

$

3,102

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

30,480

 

 

 

29,008

 

 

 

30,386

 

 

 

28,824

 

Dilutive effect of:

 

 

 

 

 

 

 

 

 

 

 

 

Stock plans

 

 

525

 

 

 

647

 

 

 

 

 

 

726

 

Convertible notes

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, diluted

 

 

31,005

 

 

 

29,655

 

 

 

30,386

 

 

 

29,550

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share — basic

 

$

0.40

 

 

$

0.40

 

 

$

(0.43

)

 

$

0.11

 

Net income (loss) per share — diluted

 

$

0.39

 

 

$

0.39

 

 

$

(0.43

)

 

$

0.10

 

Computation of Diluted Net Loss Per Share Effect in Antidilutive

The following table presents the outstanding shares of our common stock equivalents excluded from the computation of diluted net earnings (loss) per share as of the dates presented because their effect would have been antidilutive (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

 

 

 

 

 

 

398

 

 

 

 

RSUs, MSUs and PSUs

 

208

 

 

 

470

 

 

 

1,208

 

 

 

904

 

Employee stock purchase plan shares

 

15

 

 

 

16

 

 

 

15

 

 

 

16

 

2021 Notes

 

516

 

 

 

2,589

 

 

 

516

 

 

 

2,589

 

2025 Notes

 

711

 

 

 

 

 

 

711