XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

Organization and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Changes in our Estimated Warranty Reserve | Changes in our estimated product warranty liabilities were as follows (in thousands):
| Six Months Ended June 30,
| 2025 |  | 2024
Balance, beginning of period | $ | 8,284 |  |  | $ | 7,374 |
Utilization of reserve | (4,202) |  |  | (3,672) |
Warranty expense | 6,794 |  |  | 1,813 |
Balance, end of period | $ | 10,876 |  |  | $ | 5,515 |
Schedule of Weighted Average Number of Shares Outstanding and Earnings Per Share | The calculation of the weighted average number of shares outstanding and earnings per share is as follows (in thousands except per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 36,117 |  |  | $ | 41,473 |  |  | $ | 124,097 |  |  | $ | 174,825 |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding | 77,999 |  |  | 75,511 |  |  | 77,448 |  |  | 75,433 |
Dilutive effect of stock-based awards | 1,729 |  |  | 1,334 |  |  | 1,721 |  |  | 1,289 |
Dilutive effect of 2027 Notes (1) | 820 |  |  | 705 |  |  | 1,210 |  |  | 624 |
Dilutive effect of 2027 Warrants | 1,514 |  |  | — |  |  | 1,403 |  |  | — |
Diluted weighted average shares outstanding | 82,062 |  |  | 77,550 |  |  | 81,782 |  |  | 77,346 |
Net income per common share: |  |  |  |  |  |  |
Basic | $ | 0.46 |  |  | $ | 0.55 |  |  | $ | 1.60 |  |  | $ | 2.32 |
Diluted | $ | 0.44 |  |  | $ | 0.53 |  |  | $ | 1.52 |  |  | $ | 2.26 |
(1)For the six months ended June 30, 2025, the impact of the early repurchase of a portion of the 2027 Notes is weighted based upon the number of days in each corresponding period of time for (a) the period between January 1, 2025 and the closing date of the repurchase, which includes the total amount of shares issuable upon a conversion of all of the 2027 Notes; and (b) subsequent to the closing date of the repurchase through June 30, 2025, which includes the amount of shares issuable upon a conversion of the 2027 Notes that remain outstanding after the early repurchase. Refer to Note 10 for additional details.
Schedule of Potentially Dilutive Securities Excluded in Calculation of Diluted Net Income Per Share | Potentially dilutive securi ties that are not included in the calculation of diluted net income per share because doing so would be antidilutive are as follows (i n thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based awards | 3,854 |  |  | 4,777 |  |  | 3,871 |  |  | 4,778 |
2027 Notes | 415 |  |  | 2,312 |  |  | 429 |  |  | 2,393 |
2027 Warrants | 1,503 |  |  | 3,017 |  |  | 1,614 |  |  | 3,017 |
Total potentially dilutive securities | 5,772 |  |  | 10,106 |  |  | 5,914 |  |  | 10,188 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration