Three Months Ended

Six Months Ended

June 30,

2026

 

2025

2026

2025 ⁽¹⁾

Numerator:

Net income (loss)

$

51,291

$

23,599

$

92,064

$

(13,787)

Add back interest expense, net of tax benefit, on assumed
conversion of 2026 Convertible Notes

—

692

—

Numerator used in computing net income (loss) per share — basic & diluted

$

51,291

$

24,291

$

92,064

$

(13,787)

Denominator:

Weighted average number of common shares outstanding used in computing net income (loss) per share — basic

164,405

161,723

163,930

161,350

Effect of dilutive securities:

Time-based restricted stock units

2,179

53

2,480

—

Performance-based restricted stock units

336

94

347

—

Restricted stock

259

33

279

—

2026 Convertible Notes assumed conversion

—

14,934

—

Dilutive potential common shares

Weighted average number of common shares outstanding used in computing net income (loss) per share — diluted

167,179

176,837

167,036

161,350

Net income (loss) per share — basic

$

0.31

$

0.15

$

0.56

$

(0.09)

Net income (loss) per share — diluted

$

0.31

$

0.14

$

0.55

$

(0.09)