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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 15. EARNINGS PER SHARE
Basic earnings per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, RSUs, and Convertible Senior Notes (the “Notes”), which were repaid in its entirety at maturity during the three months ended March 31, 2025.
Calculation of earnings per share:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, except per share amounts)2026202520262025
Net income$14,092 $43,364 $60,190 $158,863 
Weighted-average common shares outstanding163,757 170,567 166,043 171,045 
Earnings per share, basic$0.09 $0.25 $0.36 $0.93 
Net income$14,092 $43,364 $60,190 $158,863 
Notes - interest expense, net of tax
— — — 742 
Numerator for diluted EPS $14,092 $43,364 $60,190 $159,605 
Weighted-average effect of dilutive securities:
Notes
———1,599
Stock options3,17010,1134,7788,971
RSUs1,7153,4152,2433,390
Effect of dilutive securities4,88513,5287,02113,960
Weighted-average common shares outstanding, assuming dilution (1) (2) (3)
168,642184,095173,064185,005
Earnings per share, diluted$0.08 $0.24 $0.35 $0.86 
Outstanding anti-dilutive stock options and RSUs (4)
8454217267
(1) All securities are excluded when their inclusion would be anti-dilutive.
(2) The weighted-average shares underlying the conversion options in the Company’s Notes are included using the if-converted method, if dilutive in the period.
(3) In February 2020, the Company entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with certain financial institutions. The Capped Call Transactions expired upon maturity of the Notes during the three months ended March 31, 2025. The Company’s Capped Call Transactions represented the equivalent number of shares of the Company’s common stock (representing the number of shares for which the Notes are convertible). The Capped Call Transactions are excluded from weighted-average common shares outstanding, assuming dilution, in all periods as their effect would be anti-dilutive.
(4) Outstanding stock options and RSUs that were anti-dilutive under the treasury stock method in the period were excluded from the computation of diluted earnings per share. These awards may be dilutive in the future.