Basic earnings per share is calculated by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing the earnings by the weighted-average number of common shares and potentially dilutive securities outstanding during the period. Potentially dilutive common shares consist of restricted stock units, incremental common shares issuable upon exercise of stock options and shares issuable under the employee stock purchase plan. The dilutive effect of outstanding shares is reflected in diluted earnings per share using the treasury stock method, as applicable. This method includes consideration of the amounts to be paid by the employees and the amount of unrecognized stock-based compensation related to future services. No potential dilutive common shares are included in the computation of any diluted per share amount when a net loss is reported.

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


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per share amounts)	2026		2025		2026		2025
Net income per share:
Numerator:
Net income	$	67,605	$	57,935	$	127,463	$	118,238
Denominator:
Weighted-average shares outstanding - basic		108,428		107,586		108,230		107,412
Effect of potentially dilutive common shares		1,549		934		1,622		1,227
Weighted-average shares outstanding - diluted		109,977		108,520		109,852		108,639
Basic net income per share	$	0.62	$	0.54	$	1.18	$	1.10
Diluted net income per share	$	0.61	$	0.53	$	1.16	$	1.09