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Net Income Per Share | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share Net income for the reported period is divided by the weighted average number of basic and diluted common shares outstanding during the reported period to calculate the basic and diluted net income per share, respectively. Outstanding stock options to purchase common shares, unvested RSUs, and unvested performance restricted stock units (“PRSUs”) are collectively referred to as “equity awards.” •Basic net income per share is computed using the weighted average number of common shares outstanding during the period. •Diluted net income per share is computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method. Any anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share. The following table presents the computation of basic and diluted net income per share.
| Years Ended December 31,
2025 |  | 2024 |  | 2023
(In thousands, except per share amounts) |
Numerator |  |  |  |  |
Net income | $22,962 |  | $23,050 |  | $21,504
Denominator (weighted average shares) |  |  |  |  |
Basic common shares outstanding | 53,802 |  | 57,213 |  | 56,444
Stock options | 189 |  | 380 |  | 1,051
RSUs | 167 |  | 229 |  | 245
Diluted common shares outstanding | 54,158 |  | 57,822 |  | 57,740
Net income per share |  |  |  |  |
Basic | $ 0.43 |  | $ 0.40 |  | $ 0.38
Diluted | $ 0.42 |  | $ 0.40 |  | $ 0.37
The following table presents the equity awards that are excluded from diluted net income per share because (i) their effect would have been anti-dilutive, or (ii) the equity awards were contingent upon conditions for issuance which were not satisfied as of December 31, 2025. See Note 12, “Stock-based Compensation” for additional information.
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
(In thousands) |
Anti-dilutive equity award shares | 1,285 |  | 1,054 |  | 399

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