Income Per Share

9 Months Ended

Sep. 30, 2026

A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows (in thousands, except for share and per share data):


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025
Basic income per share:
Net income	$	31,025	$	30,648	$	115,175	$	92,101
Net income attributable to common shares	$	31,025	$	30,648	$	115,175	$	92,101
Weighted average common stock outstanding	191,938,402		174,352,079		191,825,646		173,388,077

Basic weighted average common stock outstanding	191,938,402		174,352,079		191,825,646		173,388,077
Basic income per share	$	0.16	$	0.18	$	0.60	$	0.53

Diluted income per share:
Net income	$	31,025	$	30,648	$	115,175	$	92,101
Net income attributable to common shares	$	31,025	$	30,648	$	115,175	$	92,101
Dilutive effect of stock options	3,052,951		6,048,579		3,317,108		6,736,352
Dilutive effect of RSUs	919,065		836,036		599,442		1,040,196
Dilutive effect of ESPP	2,724		3,339		908		1,113


Diluted weighted average common stock outstanding	195,913,142		181,240,033		195,743,104		181,165,738
Diluted income per share	$	0.16	$	0.17	$	0.59	$	0.51

Because of their anti-dilutive effect, 6,165,439 and 1,652,397 common share equivalents comprised of stock options, RSUs and PSUs have been excluded from the diluted earnings per share calculation for the three months ended September 30, 2026 and 2025, respectively. Because of their anti-dilutive effect, 7,569,167 and 1,305,855 common share equivalents comprised of stock options, RSUs and PSUs have been excluded from the diluted earnings per share calculation for the nine months ended September 30, 2026 and 2025, respectively.