Net Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Reconciliation of the Numerator and Denominator used in Computing Basic and Diluted Net Earnings (Loss) Per Share

For the periods presented, the following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net earnings (loss) per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2025			2024
Numerator:
Net income (loss)	$	(8,451	)	$	33,344
Interest add back		—			1,216
Net income (loss) attributable to common stock holders	$	(8,451	)	$	34,560
Denominator:
Weighted average common shares outstanding, basic		28,639			27,357
Dilutive effect of:
Stock plans		—			1,479
2021 Notes		—			2,589
Weighted average common shares outstanding, diluted		28,639			31,425
Net earnings (loss) per share — basic	$	(0.30	)	$	1.22
Net earnings (loss) per share — diluted	$	(0.30	)	$	1.10

Computation of Diluted Net Earnings (Loss) Per Share Effect in Antidilutive

The following table presents the outstanding shares of our common stock equivalents excluded from the computation of diluted net earnings (loss) per share as of the dates presented because their effect would have been antidilutive (in thousands):

	Three Months Ended March 31,
	2025		2024
Stock options		632		—
RSUs, MSUs and PSUs		1,164		878
Employee stock purchase plan shares		18		18
2021 Notes		2,589		—