The following table presents the calculation of basic and diluted net income per share:



	Three Months Ended
	March 31,
(In thousands, except per share amounts)	2026		2025
Basic net income per share:
Numerator:
Net income attributable to common stockholders	$	15,771	$	38,204
Denominator:
Weighted-average shares used to compute net income per share	93,038		91,988
Basic net income per share attributable to common stockholders	$	0.17	$	0.42

Diluted net income per share:
Numerator:
Net income attributable to common stockholders	$	15,771	$	38,204
Interest expense on dilutive convertible notes, net of tax	847		1,462
Net income used in diluted calculation	$	16,618	$	39,666
Denominator:
Number of shares used in basic calculation	93,038		91,988
Weighted-average effect of dilutive securities:
Stock Options	719		918
RSUs	2,083		958
PRSUs	118		55
2026 Convertible Notes	—		8,403
2030 Convertible Notes	15,957		—
Number of shares used in diluted calculation	111,915		102,322
Diluted net income per share attributable to common stockholders	$	0.15	$	0.39

We calculate the potential dilutive effect of the convertible senior notes under the if-converted method. Under this method, diluted earnings per share are determined by assuming that outstanding convertible senior notes were converted into shares of our common stock at the beginning of the reporting period.

In connection with the issuance of the convertible senior notes, we entered into the capped call transactions, which were not included for purpose of calculating number of diluted shares outstanding, as their effect would have been anti-dilutive. The capped call transactions are expected to partially offset the potential dilution to our common stock upon any conversion of the convertible senior notes.

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:



	Three Months Ended
	March 31,
(In thousands)	2026	2025

RSUs	21	488


2026 Convertible Notes	1,750	—

Total	1,771	488