Basic net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive.

The computation of the Company’s basic and diluted net income per share is as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to common stockholders	$	115,152	$	279,773	$	282,796	$	329,784
Debt discount amortization	531		618		1,025		1,258
Net income available to common stockholders	$	115,683	$	280,391	$	283,821	$	331,042
Denominator:
Weighted average shares used to compute net income per share attributable to common stockholders, basic	238,997		229,167		236,804		227,794
Weighted average effect of potentially dilutive shares to purchase common stock	35,002		31,985		36,385		31,745
Weighted average shares used to compute net income per share attributable to common stockholders, diluted	273,999		261,152		273,189		259,539
Net income per share attributable to common stockholders
Basic	$	0.48	$	1.22	$	1.19	$	1.45
Diluted	$	0.42	$	1.07	$	1.04	$	1.28

The following shares were excluded from the computation of diluted net income per share as the impact of including those shares would be anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025

Outstanding stock options	1,875	2,583	1,575	2,575
Unvested restricted stock units	8,303	11,198	5,340	12,678
Convertible Senior Notes (if converted)	—	—	—	—
Total	10,178	13,781	6,915	15,253