v3.25.1
Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share Reconciliation [Abstract]  
Schedule of Components Used in Computation of Basic and Diluted Net Income Per Share
The components used in the computation of basic and diluted net income per share for the three months ended March 31, 2025 and 2024 were as follows (in thousands, except per share data):
 
 For the Three Months
Ended March 31,
 20252024
Numerator:
Net income$123,171 $175,418 
Denominator:
Shares used for basic net income per share149,052 151,628 
Effect of dilutive securities:
Stock awards2,012 3,724 
Convertible senior notes— 2,114 
Warrants related to issuance of convertible senior notes— — 
Shares used for diluted net income per share151,064 157,466 
Basic net income per share$0.83 $1.16 
Diluted net income per share$0.82 $1.11 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The number of potentially outstanding shares excluded from the computation of diluted net income per share for the three months ended March 31, 2025 and 2024 were as follows (in thousands):
For the Three Months
Ended March 31,
20252024
Service-based stock awards7,743 4,161 
Market- and performance-based stock awards1,583 1,328 
Warrants related to issuance of convertible senior notes32,006 32,006 
Total shares excluded from computation41,332 37,495