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Net Income Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of numerator and the denominator of the basic and diluted | The following tables reconcile the numerator and the denominator of the basic and diluted net income per share computation (in thousands, except for per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income | $ | 180,568 |  |  | $ | 109,664 |  |  | $ | 296,170 |  |  | $ | 191,316 |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic | 25,917 |  |  | 25,207 |  |  | 25,829 |  |  | 25,359 |
Dilutive effect of stock options and RSUs | 1,035 |  |  | 794 |  |  | 1,154 |  |  | 841 |
Dilutive effect of warrants | 2,982 |  |  | 38 |  |  | 2,901 |  |  | 19 |
Dilutive effect of convertible securities | 3,791 |  |  | 1,871 |  |  | 3,731 |  |  | 1,906 |
Diluted | 33,725 |  |  | 27,910 |  |  | 33,615 |  |  | 28,125 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 6.97 |  |  | $ | 4.35 |  |  | $ | 11.47 |  |  | $ | 7.54 |
Dilutive effect of stock options and RSUs | (0.22) |  |  | (0.11) |  |  | (0.40) |  |  | (0.20) |
Dilutive effect of warrants | (0.62) |  |  | (0.01) |  |  | (0.99) |  |  | (0.01) |
Dilutive effect of convertible securities | (0.78) |  |  | (0.30) |  |  | (1.27) |  |  | (0.53) |
Diluted | $ | 5.35 |  |  | $ | 3.93 |  |  | $ | 8.81 |  |  | $ | 6.80 |
Schedule of excluded from our computation of EPS | Set forth below are the securities and the weighted average number of shares of common stock underlying such securities that were excluded from our computation of EPS for the periods presented (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Warrants | 2,980 |  |  | 7,462 |  |  | 3,058 |  |  | 7,475 |

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- 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
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- 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
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