Three months ended March 31,

2024

2023

(in thousands, except per share amounts)

Numerator:

Net income

$

21,854

$

8,741

Interest expense associated with convertible notes

514

1,277

Net income available to common shareholders

$

22,368

$

10,018

Denominator:

Basic weighted average shares outstanding

55,968

50,559

Effect of potentially dilutive share-based awards

939

355

Dilutive effect of convertible notes

3,857

8,942

Diluted weighted average shares outstanding

60,764

59,856

Net income per common share:

Basic

$

0.39

$

0.17

Diluted

$

0.37

$

0.17

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

213

1,140

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

—

5,603