Net Income Per Share

3 Months Ended

Mar. 31, 2026

12. Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented:


	Three Months Ended March 31,
	2026		2025

	(in thousands, except share and per share data)
Numerator:
Net income	$	121,462	$	117,835
Denominator:
Weighted-average shares used in computing net income per share, basic	141,396,491		140,622,029
Dilutive effect of RSUs	962,220		1,561,401
Weighted-average shares used in computing net income per share, diluted	142,358,711		142,183,430
Net income per share, basic	$	0.86	$	0.84
Net income per share, diluted	$	0.85	$	0.83

Potential ordinary shares of certain performance-based and market-based RSUs of approximately 1,478,897 for the three months ended March 31, 2026 for which all targets required to trigger vesting had not been achieved, were excluded from the calculations of weighted average shares used in computing diluted net income per share.