Note 11 - Net Income Per Share

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

11.  NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

	Year Ended December 31,
	2024		2023		2022
Numerator:
Net income	$	1,786,700	$	427,374	$	437,672
Denominator:
Weighted-average outstanding shares—basic		48,599		47,610		46,727
Effect of dilutive securities		236		1,161		1,631
Weighted-average outstanding shares—diluted		48,835		48,771		48,358
Net income per share:
Basic	$	36.76	$	8.98	$	9.37
Diluted	$	36.59	$	8.76	$	9.05

Anti-dilutive common stock equivalents were not material for the periods presented.