v3.25.4
Net Income per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted Basic and diluted net income per share was calculated as follows (in thousands, except per share data):

 

 

For the year ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

56,998

 

 

$

250,603

 

 

$

478,629

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute net income per share—basic

 

 

52,560

 

 

 

52,287

 

 

 

51,973

 

Dilutive restricted stock awards and units

 

 

43

 

 

 

58

 

 

 

72

 

Weighted-average shares used to compute net income per share—diluted

 

 

52,603

 

 

 

52,345

 

 

 

52,045

 

Net income per share—basic

 

$

1.08

 

 

$

4.79

 

 

$

9.21

 

Net income per share—diluted

 

$

1.08

 

 

$

4.79

 

 

$

9.20