EARNINGS PER SHARE
The following table sets forth the computation for basic and diluted net income per share of common stock (in thousands, except per share data): 
Fiscal Years
202520242023
Numerator:
Net income attributable to common stockholders$(54,210)$76,859 $91,577 
Denominator:
Weighted average common shares outstanding-basic73,986 71,959 70,801 
Dilutive effect of stock options, restricted stock awards and restricted stock units— 954 702 
Dilutive effect of convertible debt— 662 — 
Weighted average common shares outstanding-diluted$73,986 $73,575 $71,503 
Net income to common stockholders per share-basic$(0.73)$1.07 $1.29 
Net income to common stockholders per share-diluted$(0.73)$1.04 $1.28 
Anti-dilutive shares excluded related to:
Outstanding stock options, restricted stock and restricted stock units (1)
1,026 30 140 
Convertible debt (1)
930 — — 
(1) Excludes the effects of the assumed issuance of common stock associated with the assumed exercise of outstanding stock options and potential shares of common stock issuable upon vesting of restricted stock and restricted stock units, and a conversion premium for the 2026 Convertible Notes, as the inclusion would be anti-dilutive, but they could become dilutive in the future.

Historical Timeline

Fiscal YearFiled
2025Nov 14, 2025Showing above
2024Nov 12, 2024
2023Nov 13, 2023
2022Nov 14, 2022
2021Nov 15, 2021
2020Nov 18, 2020
2019Nov 26, 2019
2018Nov 16, 2018
2017Nov 15, 2017
2016Nov 17, 2016
2015Nov 24, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.