Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule Of Earnings Per Share Basic And Diluted

The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands, except per share amounts):


	Three Months Ended March 31,
	2026		2025
Numerator:
Net income	$	112,771	$	93,230
Denominator:
Weighted average common shares outstanding, basic	71,425		73,562
Dilutive effect of potential common stock	189		53
Total shares, diluted	71,614		73,615

Net income per share, basic	$	1.58	$	1.27
Net income per share, diluted	$	1.57	$	1.27

Anti-dilutive potential common shares1	845		964

1 Represents approximately 843 thousand RSU and 2 thousand ESPP weighted-average outstanding common stock equivalent shares for the three months ended March 31, 2026 and approximately 964 thousand RSU weighted average outstanding common stock equivalent shares for the three months ended March 31, 2025 that are excluded from the calculation of diluted net income per share as the effect would have been anti-dilutive.