Note 11 - Net Income Per Share

12 Months Ended

Dec. 31, 2025

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 for the periods presented (in thousands, except per share amounts):

	Year Ended December 31,
	2025		2024 (As Restated)		2023
Numerator:
Net income	$	621,483	$	1,592,058	$	427,374
Denominator:
Weighted-average outstanding shares—basic		48,035		48,599		47,610
Effect of dilutive securities		274		236		1,161
Weighted-average outstanding shares—diluted		48,309		48,835		48,771
Net income per share:
Basic	$	12.94	$	32.76	$	8.98
Diluted	$	12.86	$	32.60	$	8.76

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