XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.26.1

Net Income Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Earnings Per Share [Abstract] |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following securities, presented on a common stock equivalent basis, have been excluded from the calculation of weighted-average number of shares of common stock outstanding because their effect is anti-dilutive:
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Awards under equity incentive plans |  | 2,691,729 |  | 2,740,278 |  | 2,691,729 |  | 2,740,278
Common stock warrants |  | — |  | — |  | — |  | —
Total securities excluded from the calculation of weighted average number of shares of common stock outstanding |  | 2,691,729 |  | 2,740,278 |  | 2,691,729 |  | 2,740,278
Schedule of Earnings Per Share, Basic and Diluted | A reconciliation from net income to basic net income attributable to common stockholders per share of common stock and diluted net income attributable to common stockholders per share of common stock for the three and six months ended June 30, 2026, and 2025 is as follows (in thousands):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Basic net income per share of common stock: |  |  |  |  |  |  |  |
Net income |  | $ | 8,752 |  |  | $ | 74,707 |  |  | $ | 46,642 |  |  | $ | 71,608 |
Earnings allocated to participating securities |  | (359) |  |  | (6,798) |  |  | (1,924) |  |  | (6,552) |
Net income attributable to shares of common stock |  | 8,393 |  |  | 67,909 |  |  | 44,718 |  |  | 65,056 |
Less: Dividends declared or accumulated |  | — |  |  | — |  |  | — |  |  | — |
Undistributed net income attributable to shares of common stock, basic |  | 8,393 |  |  | 67,909 |  |  | 44,718 |  |  | 65,056 |
Weighted-average shares of common stock outstanding |  | 59,156 |  |  | 54,781 |  |  | 58,783 |  |  | 54,440 |
Basic net income per share of common stock |  | $ | 0.14 |  |  | $ | 1.24 |  |  | $ | 0.76 |  |  | $ | 1.20 |
Diluted net income per share of common stock: |  |  |  |  |  |  |  |
Net income attributable to shares of common stock |  | $ | 8,393 |  |  | $ | 67,909 |  |  | $ | 44,718 |  |  | $ | 65,056 |
Plus: Fair value adjustment income related to warrant liability |  | — |  |  | — |  |  | — |  |  | — |
Net income attributable to shares of common stock, diluted |  | 8,393 |  |  | 67,909 |  |  | 44,718 |  |  | 65,056 |
Weighted-average number of shares of common stock outstanding |  | 59,156 |  |  | 54,781 |  |  | 58,783 |  |  | 54,440 |
Dilutive effect of outstanding stock options (as converted to common stock) |  | 2,181 |  |  | 1,544 |  |  | 2,003 |  |  | 1,622 |
Weighted-average shares of common stock outstanding, diluted |  | 61,337 |  |  | 56,325 |  |  | 60,786 |  |  | 56,062 |
Diluted net income per share of common stock |  | $ | 0.14 |  |  | $ | 1.21 |  |  | $ | 0.74 |  |  | $ | 1.16 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration