Three months ended September 30,

Nine months ended September 30,

2025

2024

2025

2024

(in thousands, except per share amounts)

Numerator:

Net income

$

10,596

$

21,951

$

34,276

$

58,749

Interest expense associated with convertible notes

—

515

378

1,541

Net income available to common shareholders

$

10,596

$

22,466

$

34,654

$

60,290

Denominator:

Basic weighted average shares outstanding

60,077

56,410

58,993

56,256

Effect of potentially dilutive share-based awards

873

1,606

552

1,329

Dilutive effect of convertible notes

—

4,638

891

4,518

Diluted weighted average shares outstanding

60,950

62,654

60,436

62,103

Net income per common share:

Basic

$

0.18

$

0.39

$

0.58

$

1.04

Diluted

$

0.17

$

0.36

$

0.57

$

0.97

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

612

3

643

54

Potential shares to be issued for settlement of the convertible notes excluded from the diluted calculation as their effect would be antidilutive

N/A

61

N/A