Net Income Per Share (Tables)

A reconciliation of net income and the number of shares in the calculation of basic and diluted net income per share is as follows (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic net income per common share:
Numerator:
Net income	$	28,052	$	17,112	$	52,284	$	32,171

Denominator:
Weighted-average shares used in computing basic net income per share	78,165,235		85,766,254		79,528,569		85,644,091
Basic net income per share	$	0.36	$	0.20	$	0.66	$	0.38

Diluted net income per common share:
Numerator:
Net income	$	28,052	$	17,112	$	52,284	$	32,171

Denominator:
Weighted-average shares used in computing basic net income per share	78,165,235		85,766,254		79,528,569		85,644,091
Effect of dilutive securities
Options to purchase common stock	3,117,110		3,174,843		3,098,931		3,173,687
Shares issuable under ESPP	—		1,384		109		—
Restricted stock units	859,083		696,196		848,837		690,128
Total effect of dilutive securities	3,976,193		3,872,423		3,947,877		3,863,815
Weighted-average shares used in computing diluted net income per share	82,141,428		89,638,677		83,476,446		89,507,906
Diluted net income per share	$	0.34	$	0.19	$	0.63	$	0.36

The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Options to purchase common stock	15,522,001	15,199,884	15,522,238	15,207,450
Shares issuable under ESPP	6,887	—	9,564	933
Restricted stock units	941,542	1,759,928	1,004,308	1,810,438
Total	16,470,430	16,959,812	16,536,110	17,018,821