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Net Earnings Per Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Earnings Per Share | Net Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock units (“RSUs”) and certain shares underlying our previously outstanding 0.75% Convertible Senior Notes due 2025 (the "Convertible Notes") and the warrants (the "Warrants") relating to the Call Spread Transactions (as defined in Note 4), as applicable. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net earnings | $ | 7,514 |  |  | $ | 67,027 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute basic EPS | 31,839 |  |  | 32,596 |  |  |  |  |
Dilutive potential common shares due to dilutive RSUs, net of tax effect | 176 |  |  | 348 |  |  |  |  |
Dilutive potential common shares due to the Convertible Notes | 1,731 |  |  | 3,228 |  |  |  |  |
Dilutive potential common shares due to the Warrants | 937 |  |  | 2,263 |  |  |  |  |
Weighted average shares used to compute diluted EPS | 34,683 |  |  | 38,435 |  |  |  |  |
Net earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.24 |  |  | $ | 2.06 |  |  |  |  |
Diluted | $ | 0.22 |  |  | $ | 1.74 |  |  |  |  |
For the three months ended March 31, 2025 and 2024, approximately 57,000 and 25,000, respectively, of our RSUs were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in future periods.

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