v3.25.2
14. Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Net Income per Share, Basic and Diluted
The calculation of basic and diluted net income per share for the three and six months ended June 30, 2025 and 2024 was as follows (in thousands, except per share amounts):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Basic net income per share
Numerator:
Net income$341,868 $349,356 $551,403 $585,972 
Denominator:
Weighted-average common shares outstanding107,245 107,042 107,184 107,011 
Diluted net income per share
Denominator:
Weighted-average common shares outstanding107,245 107,042 107,184 107,011 
Effect of restricted stock and performance units273 483 284 491 
Weighted-average shares used in computing diluted net income per share107,518 107,525 107,468 107,502 
Net income per share:
Basic$3.19 $3.26 $5.14 $5.48 
Diluted$3.18 $3.25 $5.13 $5.45 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
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 and six months ended June 30, 2025 and 2024 as such shares would have had an anti-dilutive effect (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Anti-dilutive shares— —