Net Income Per Share

6 Months Ended

Jun. 30, 2026

13. 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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands, except share and per share data)
Numerator:
Net income	$	129,816	$	139,598	$	251,278	$	257,433
Denominator:
Weighted-average shares used in computing net income per share, basic	141,384,805		141,044,315		141,390,616		140,834,338
Dilutive effect of RSUs	122,212		827,084		666,187		1,196,942
Weighted-average shares used in computing net income per share, diluted	141,507,017		141,871,399		142,056,803		142,031,280
Net income per share, basic	$	0.92	$	0.99	$	1.78	$	1.83
Net income per share, diluted	$	0.92	$	0.98	$	1.77	$	1.81

Potential ordinary shares of certain performance-based and market-based RSUs of approximately 1,542,133 and 1,510,505 for the three and six months ended June 30, 2026, respectively, 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.