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Net Earnings (Loss) per Share (Tables)
12 Months Ended
Dec. 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 for per-share amounts):

 

Year Ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

$

(10,847

)

 

$

40,838

 

 

$

(43,366

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

29,283

 

 

 

27,953

 

 

 

26,752

 

Dilutive effect of:

 

 

 

 

 

 

 

 

Stock plans

 

 

 

 

1,518

 

 

 

 

Convertible notes

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, diluted

 

29,283

 

 

 

29,471

 

 

 

26,752

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share — basic

$

(0.37

)

 

$

1.46

 

 

$

(1.62

)

Net earnings (loss) per share — diluted

$

(0.37

)

 

$

1.39

 

 

$

(1.62

)

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):

 

Year Ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

Stock options

 

438

 

 

 

 

 

 

1,466

 

RSUs, MSUs and PSUs

 

990

 

 

 

349

 

 

 

1,252

 

Employee stock purchase plan shares

 

 

 

 

 

 

 

51

 

2021 Notes

 

878

 

 

 

2,589

 

 

 

2,589

 

2025 Notes

 

711