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Net Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators of Basic and Dilutive Net Income per Common Share Computations

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

		Three Months Ended March 31,
		2025				2024
Numerator:
Net income		$	25,682			$	12,197
Add: Interest expense, net of tax, attributable to assumed    conversion of convertible senior notes			2,345				—
Net income, diluted		$	28,027			$	12,197
Denominator:
Weighted average basic common shares   outstanding			33,721,603				32,760,190
Effect of dilutive securities:
Convertible senior notes			4,893,805				—
Options to purchase common stock			1,200,858				1,773,345
Restricted stock units			98,221				126,797
Warrants to purchase common stock			—				11,379
Restricted stock awards			—				7,184
Weighted average dilutive common shares   outstanding			39,914,487				34,678,895
Net income per share:
Basic		$	0.76			$	0.37
Diluted		$	0.70			$	0.35

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

		Three Months Ended March 31,
		2025				2024
Convertible senior notes			—				4,893,848
Options to purchase common stock			900,069				577,604
Employee stock purchase plan			38,011				24,413
Restricted stock units			167,193				1,356
Restricted stock awards			4,128				—
			1,109,401				5,497,221

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- References

No definition available.

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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

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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

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