v3.25.1
14. Net Income per Share (Notes)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income per Share
14. Net Income per Share

The calculation of basic and diluted net income per share for the three months ended March 31, 2025 and 2024 was as follows (in thousands, except per share amounts):
Three Months Ended
March 31,
20252024
Basic net income per share
Numerator:
Net income$209,535 $236,616 
Denominator:
Weighted-average common shares outstanding107,122 106,910 
Diluted net income per share
Denominator:
Weighted-average common shares outstanding107,122 106,910 
Effect of restricted stock and performance units293 497 
Weighted-average shares used in computing diluted net income per share107,415 107,407 
Net income per share:
Basic$1.96 $2.21 
Diluted$1.95 $2.20 

The following table summarizes the potential shares of common stock that were excluded from the computation of diluted net income per share for the three months ended March 31, 2025 and 2024 as such shares would have had an anti-dilutive effect (in thousands):
Three Months Ended
March 31,
20252024
Anti-dilutive shares— 17