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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 | Note 11. Net Income Per Share Basic net income per share is calculated by dividing Net income by the weighted-average number of shares of the Company's common stock outstanding. Diluted net income per share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares under stock-based compensation plans, unless the inclusion of such shares would have an anti-dilutive impact. As part of the DealerClub Acquisition, the Company may pay up to $88.0 million of performance-based consideration in shares of the Company's stock at a future date if mutually agreed upon. Those potential shares have been excluded from the computations below as they are contingently issuable shares, and the contingency to which the issuance relates was not met at the end of the reporting period. The computation of net income per share is as follows (in thousands, except per share amounts):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net income (1) |  | $ | 20,052 |  |  | $ | 48,188 |  |  | $ | 118,442 |
Basic weighted-average common shares outstanding |  |  | 62,386 |  |  |  | 66,006 |  |  |  | 66,742 |
Effect of dilutive stock-based compensation awards (2) |  |  | 878 |  |  |  | 1,381 |  |  |  | 1,485 |
Diluted weighted-average common shares outstanding |  |  | 63,264 |  |  |  | 67,387 |  |  |  | 68,227 |
Net income per share, basic (1) |  | $ | 0.32 |  |  | $ | 0.73 |  |  | $ | 1.77 |
Net income per share, diluted (1) |  |  | 0.32 |  |  |  | 0.72 |  |  |  | 1.74 |
(1) During the year ended December 31, 2023 the Company released a significant portion of its valuation allowance for deferred tax assets that had been recorded as a result of the 2020 goodwill and indefinite-lived intangible asset impairments. For more information, see Note 12 (Income Taxes). (2) There were 1,408, 31 and 290 potential common shares excluded from diluted weighted-average common shares outstanding for the years ended December 31, 2025, 2024 and 2023, respectively, as their inclusion would have had an anti-dilutive effect.

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