v3.25.4
Net Income Per Share
 9 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Numerator:
Net income$40,055 $361,752 $145,253 $444,380 
Denominator:
Weighted average shares outstanding, basic301,127 298,646 300,939 298,049 
Dilutive effect of share-based awards2,123 4,821 3,826 4,766 
Weighted average shares outstanding, diluted303,250 303,467 304,765 302,815 
Net income per share, basic$0.13 $1.21 $0.48 $1.49 
Net income per share, diluted$0.13 $1.19 $0.48 $1.47 
The effect of certain common share equivalents were excluded from the computation of weighted-average diluted shares outstanding for the three and nine months ended December 31, 2025 and 2024 as inclusion would have resulted in anti-dilution. A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Unvested RSAs and RSUs5,171 140 3,860 246 
Stock options 57 57 44 98 
Shares committed under ESPP— 4 — 4