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Weighted Average Shares Outstanding and Net Income Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net income per share as well as the calculation of basic and diluted net income per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator |  |  |  |  |  |  |
Net income attributable to common shareholders for basic earnings per share | $ | 71,700 |  |  | $ | 36,895 |  |  | $ | 38,044 |  |  | $ | 5,912 |
Add: Interest expense related to Convertible Notes | 2,994 |  |  | 3,074 |  |  | 5,988 |  |  | — |
Net income attributable to common shareholders for diluted earnings per share | $ | 74,694 |  |  | $ | 39,969 |  |  | $ | 44,032 |  |  | $ | 5,912 |
Denominator |  |  |  |  |  |  |
Weighted average common shares outstanding, basic | 43,746 |  | 44,060 |  |  | 43,605 |  | 44,024 |
Add: Dilutive effect of RSUs | 543 |  |  | 564 |  |  | 564 |  |  | 569 |
Add: Dilutive effect of Convertible Notes | 8,466 |  |  | 8,103 |  |  | 8,447 |  |  | — |
Weighted average common shares outstanding, diluted | 52,755 |  | 52,727 |  |  | 52,616 |  | 44,593 |
Net income per share, basic | $ | 1.64 |  |  | $ | 0.84 |  |  | $ | 0.87 |  |  | $ | 0.13 |
Net income per share, diluted | $ | 1.42 |  |  | $ | 0.76 |  |  | $ | 0.84 |  |  | $ | 0.13 |

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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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