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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income Per Share | The following table presents the calculation of basic and diluted net income per share:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in thousands, except per share amounts) | 2025 | 2024 |  | 2025 | 2024
Numerator: |  |  |  |  |
Net income | $ | 26,671 |  | $ | 15,446 |  |  | $ | 90,439 |  | $ | 53,155 |
Denominator(1): |  |  |  |  |
Basic shares: |  |  |  |  |
Weighted-average shares outstanding | 34,048 |  | 33,272 |  |  | 33,878 |  | 33,725 |
Diluted shares(2): |  |  |  |  |
Stock options | 379 |  | 725 |  |  | 351 |  | 574 |
Restricted stock units | 1,248 |  | 1,438 |  |  | 1,219 |  | 1,390 |
Warrants | — |  | — |  |  | — |  | — |
Weighted-average shares outstanding | 35,675 |  | 35,435 |  |  | 35,448 |  | 35,689 |
Net income per share: |  |  |  |  |
Basic | $ | 0.78 |  | $ | 0.46 |  |  | $ | 2.67 |  | $ | 1.58 |
Diluted | $ | 0.75 |  | $ | 0.44 |  |  | $ | 2.55 |  | $ | 1.49 |
(1) Effective March 28, 2025, we performed a 6-for-1 stock split of the Company’s common stock, affected through a stock dividend. Share and per share amounts have been retroactively adjusted. (2) Because their effect would have been anti-dilutive, 252 and 262 shares were excluded from the denominator of diluted net income per share for the three and nine months ended September 30, 2024, respectively.

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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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