The following table summarizes the computations of basic and diluted net income per share for fiscal years 2026, 2025 and 2024 (in thousands except per share amounts):


	Years Ended March 31,
	2026		2025		2024
Net income	$	711,187	$	631,529	$	612,143



Shares used in net income per share computation:
Weighted average shares outstanding - basic	146,775		151,322		156,776
Effect of potentially dilutive equivalent shares	1,433		1,462		1,395
Weighted average shares outstanding - diluted	148,208		152,784		158,171

Net income per share:
Basic	$	4.85	$	4.17	$	3.90
Diluted	$	4.80	$	4.13	$	3.87

Share equivalents attributable to outstanding stock options, restricted stock units and employee share purchase plans ("ESPP") totaling 0.5 million, 0.7 million, and 1.1 million shares during fiscal years 2026, 2025 and 2024, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive. A small number of PSUs were not included in the dilutive net income per share calculation in fiscal years 2025 and 2024 because all necessary conditions had not been satisfied, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.