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Net Income per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Summary of basic and dilutive net income per common share

A reconciliation of the numerators and the denominators of the basic and dilutive net income per common share computations are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income

 

$

7,990

 

 

$

1,907

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average basic common shares
  outstanding

 

 

35,879

 

 

 

34,387

 

Effect of dilutive securities:

 

 

 

 

 

 

Options to purchase common stock

 

 

704

 

 

 

523

 

Restricted stock units

 

 

1,084

 

 

 

698

 

Weighted average diluted common shares
  outstanding

 

 

37,667

 

 

 

35,608

 

Summary of Diluted Net Income Per Share Attributable to Common Stockholders

The Company excluded the following potential common shares, presented based on weighted average shares outstanding during the periods, from the computation of diluted net income per share because including them would have had an anti-dilutive effect (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Options to purchase common stock

 

 

4

 

 

 

419

 

Restricted stock units

 

 

13

 

 

 

410

 

 

 

17

 

 

 

829