Basic and diluted earnings (loss) per share are computed based on the weighted-average number of shares of the Company’s common stock outstanding during the respective periods. Diluted earnings (loss) per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted, using the treasury stock method for stock options, restricted stock units (“RSUs”), and other potentially dilutive instruments. For RSUs, the assumed proceeds under the treasury stock method include the amount of unrecognized compensation cost. Potential common shares are excluded from the diluted per share calculation when their effect is anti-dilutive, including in periods of net loss or when inclusion does not result in a decrease in earnings per share.


(in thousands except per share amounts)	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Numerator — basic and diluted EPS:
Net income	$	8,882	$	784	$	7,554	$	1,103
Denominator — basic EPS:
Weighted–average shares	59,190		57,585		59,070		57,357
Net income per share — basic	$	0.15	$	0.01	$	0.13	$	0.02
Denominator — diluted EPS:
Weighted–average shares	60,607		58,745		60,534		58,489
Net income per share — diluted	$	0.15	$	0.01	$	0.12	$	0.02

The following table summarizes common shares issuable for stock options and restricted stock units as of June 30, 2026, and for warrants, stock options, and restricted stock units as of June 30, 2025. For the three months ended June 30, 2026, and 2025, these share equivalents were excluded from the calculation of diluted net income per share as their inclusion would have been anti-dilutive.


	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2026	2025	2026	2025


Options	27	27	27	27
Restricted stock units	3,322	1,254	3,322	1,254
Warrants	—	6,730	—	6,730
Total	3,349	8,011	3,349	8,011