Three months ended September 30,

Nine months ended September 30,

 

2026

 

2025

 

2026

 

2025

 

(in thousands, except per share amounts)

Numerator:

Net income

$

13,635

$

10,596

$

25,168

$

34,276

Interest expense associated with convertible notes

—

378

Net income available to common shareholders

$

13,635

$

10,596

$

25,168

$

34,654

Denominator:

Basic weighted average shares outstanding

61,109

60,077

60,889

58,993

Effect of potentially dilutive share-based awards

1,756

873

1,428

552

Dilutive effect of convertible notes

3,289

—

2,890

891

Diluted weighted average shares outstanding

66,154

60,950

65,207

60,436

Net income per common share:

Basic

$

0.22

$

0.18

$

0.41

$

0.58

Diluted

$

0.21

$

0.17

$

0.39

$

0.57

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

2

612

18

643

Maximum potential shares to be issued for settlement of convertible senior notes excluded from the diluted calculation as their effect would be antidilutive

N/A

61