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Net Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator used in Computing Basic and Diluted Net Earnings 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 per share (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

11,553

 

 

$

9,963

 

$

3,102

 

 

$

43,307

 

Interest add back

 

 

 

 

 

 

 

 

 

 

2,433

 

Net income attributable to common stock holders

 

$

11,553

 

 

$

9,963

 

$

3,102

 

 

$

45,740

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

29,008

 

 

 

27,889

 

 

28,824

 

 

 

27,623

 

Dilutive effect of:

 

 

 

 

 

 

 

 

 

 

 

Stock plans

 

 

647

 

 

 

1,533

 

 

726

 

 

 

1,506

 

2021 Notes

 

 

 

 

 

 

 

 

 

 

2,589

 

Weighted average common shares outstanding, diluted

 

 

29,655

 

 

 

29,422

 

 

29,550

 

 

 

31,718

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share — basic

 

$

0.40

 

 

$

0.36

 

$

0.11

 

 

$

1.57

 

Net earnings per share — diluted

 

$

0.39

 

 

$

0.34

 

$

0.10

 

 

$

1.44

 

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 per share as of the dates presented because their effect would have been antidilutive (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

RSUs, MSUs and PSUs

 

 

470

 

 

 

114

 

 

 

904

 

 

 

737

 

Employee stock purchase plan shares

 

 

16

 

 

 

 

 

 

16

 

 

 

 

2021 Notes

 

 

2,589

 

 

 

2,589

 

 

 

2,589