Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings per share of common stock:

Schedule of Reconciliation of the Numerators and the Denominators of the Basic and Dilutive Net Income per Common Share Computations

A reconciliation of the numerators and the denominators of the basic and dilutive net income per common share computations are as follows:


		Three months ended								Six months ended
		June 30,								June 30,
		2026				2025				2026				2025
		(in thousands, except per share data)								(in thousands, except per share data)
Numerator:
Net income - basic		$	17,050			$	13,779			$	32,729			$	24,790
Effect of dilutive shares on net income
Interest expense on convertible senior notes, net of tax			1,001				—				2,035				—
Net income - diluted		$	18,051			$	13,779			$	34,764			$	24,790

Denominator:
Weighted average basic common shares outstanding			22,858				22,614				22,830				22,592
Effect of dilutive securities:
Options to purchase common stock			160				210				168				235
Restricted stock units			34				40				30				39
Performance-based restricted stock units			36				28				34				30
Convertible senior notes			1,443				—				1,443				—
Weighted average dilutive common shares outstanding			24,531				22,892				24,505				22,896

Net income per share:
Basic		$	0.75			$	0.61			$	1.43			$	1.10
Diluted		$	0.74			$	0.60			$	1.42			$	1.08

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company has excluded potential dilutive securities from the computation of diluted earnings per common share that would be anti-dilutive to net income per common share. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net income per common share attributable to common shareholders for the periods indicated because including them would have an anti-dilutive effect:


		Three months ended								Six months ended
		June 30,								June 30,
		2026				2025				2026				2025
		(in thousands)								(in thousands)
Convertible senior notes			—				1,442				—				1,442
Options to purchase common stock			290				126				293				126
Restricted stock units			—				32				—				32
Performance-based restricted stock units			—				10				—				10
			290				1,610				293				1,610