Basic weighted-average shares outstanding excludes nonvested restricted stock. Diluted weighted average shares outstanding is similar to basic weighted-average shares outstanding, except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common share had been issued, including the dilutive impact of nonvested restricted stock. Basic and diluted net income (loss) per share was calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic net income (loss) per share	$	0.10	$	0.00	$	0.11	$	(0.24	)
Diluted net income (loss) per share	$	0.10	$	0.00	$	0.11	$	(0.24	)
Numerator:
Net income (loss) (in thousands)	$	16,914	$	308	$	19,082	$	(40,886	)
Denominator:
Weighted average number of shares outstanding - basic		171,747,641		173,288,662		172,782,144		172,930,881
Add stock options to purchase shares and restricted stock units		1,477,529		1,780,789		1,129,595		—
Weighted average number of shares outstanding - diluted		173,225,170		175,069,451		173,911,739		172,930,881

For the three months ended June 30, 2026 and 2025, a total of 5,320,079 and 2,125,020 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net income per share, respectively, because their effect was anti-dilutive. For the six months ended June 30, 2026 and 2025, a total of 7,246,512 and 3,938,915 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net income (loss) per share, respectively, because their effect was anti-dilutive.