Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

The following table sets forth the computation of basic and diluted net income per share for the three and nine months ended September 30, 2024 and 2023 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income	$	17,615	$	28,419	$	37,361	$	111,275
Shares used to compute basic net income per share	35,174		35,912		35,486		35,938
Dilutive potential common shares
Stock options	27		70		53		114
Unvested restricted stock awards	271		99		299		300
Shares used to compute diluted net income per share	35,472		36,081		35,838		36,352
Basic net income per share	$	0.50	$	0.79	$	1.05	$	3.10
Diluted net income per share	$	0.50	$	0.79	$	1.04	$	3.06
Dilutive shares included in the calculation	1,304		663		1,238		1,152
Anti-dilutive shares excluded from the calculation	1,679		1,342		1,446		857