The following table sets forth the computation of basic and diluted earnings per share (in thousands except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
EPS Numerator:
Net income	$	17,290	$	59,613	$	25,944	$	71,059
EPS Denominator—Basic:
Weighted-average common shares outstanding	18,541		17,885		18,477		17,848
EPS Denominator—Diluted:
Weighted-average common shares outstanding	18,541		17,885		18,477		17,848
Dilutive effect of stock options, RSUs and shares under Purchase Plan	1,029		277		1,142		320
Weighted-average shares outstanding and common stock equivalents	19,570		18,162		19,619		18,168

Net income per share
Basic	$	0.93	$	3.33	$	1.40	$	3.98
Diluted	$	0.88	$	3.28	$	1.32	$	3.91

The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive are as follows (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Stock options	1,061	2,955	996	2,937
RSUs	616	314	507	263

Total	1,677	3,269	1,503	3,200