The Company computes basic net income per share using the weighted-average number of shares of common stock outstanding. Diluted net income per share amounts are calculated using the treasury stock method for equity-based compensation awards. The following is a reconciliation of the numerator and denominator in the basic and diluted net income per common share computations (in thousands, except share and per share data):


	Three months ended June 30,
		2026		2025
Numerator:




Net income		$	66,599	$	33,311

Denominator:
Weighted-average common shares outstanding – basic		59,144,587		56,328,483
Dilutive common equivalent shares from equity awards		582,988		1,346,552
Weighted-average common shares outstanding – diluted		59,727,575		57,675,035

Net income per share:
Basic		$	1.13	$	0.59
Diluted		$	1.12	$	0.58





Weighted-average anti-dilutive shares from outstanding equity awards excluded from diluted earnings per share		923,297		457,982