v3.26.1
Earnings per share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted A reconciliation of the numerators and the denominators of the basic and diluted earnings per share computations is as follows (in thousands, except per share amounts):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Numerator
Net income$229,913 $165,160 $379,962 $283,255 
Denominator
Weighted average common shares outstanding for basic earnings per share117,274 121,343 117,707 122,274 
Dilutive potential common stock outstanding
Stock options1,731 1,978 1,825 2,021 
RSUs, PSUs and ESPP713 638 950 828 
Convertible Notes1,497 199 1,610 329 
Weighted average common shares outstanding for diluted earnings per share121,215 124,158 122,092 125,452 
Earnings per share
Basic$1.96 $1.36 $3.23 $2.32 
Diluted$1.90 $1.33 $3.11 $2.26 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Shares which have been excluded from the calculation of diluted earnings per common share because their effect was anti-dilutive include the following (shares in millions):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Anti-dilutive securities (1)
28.3 24.4 28.2 24.3 
(1) The anti-dilutive securities include outstanding stock options, unvested RSUs, unvested PSUs, common shares expected to be issued under our ESPP and Convertible Notes.