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Earnings Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:
Year Ended December 31,
202520242023
(in thousands)
Basic earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average common shares outstanding used in computing basic earnings per share187,819 185,277 182,371 
Basic earnings per share$(0.09)$0.17 $0.13 
Diluted earnings per share:
Numerator:
Net (loss) income$(17,032)$30,958 $23,412 
Denominator:
Weighted-average shares used in computing basic earnings per share187,819 185,277 182,371 
Add dilutive impact of employee equity plans— 3,149 3,609 
Weighted-average shares used in computing diluted earnings per share187,819 188,426 185,980 
Diluted earnings per share$(0.09)$0.16 $0.13 
The dilutive impact of employee equity awards was not applicable to the calculation of diluted net loss per share for the year ended December 31, 2025, as the effect would have been anti-dilutive.
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:
Year Ended December 31,
20242023
(in thousands)
Restricted stock units19 30 
Total anti-dilutive shares19 30 
The calculation of diluted earnings per share requires us to make certain assumptions related to the use of proceeds that would be received upon the assumed exercise of stock options, purchase of restricted stock or proceeds from the employee stock purchase plan.