Basic and diluted net income per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income per share attributable to common stockholders is computed by dividing the net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, PRSUs, and LTP Awards, and common stock issuable pursuant to the ESPP.

The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share data):


	Second Quarter of Fiscal				First Two Quarters of Fiscal
	2026		2027		2026		2027
Numerator:
Net income	$	47,118	$	74,149	$	33,123	$	98,227
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	327,594		332,942		327,066		332,047
Add: dilutive effect of common stock equivalents	10,140		12,645		10,240		12,764
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	337,734		345,587		337,306		344,811
Net income per share attributable to common stockholders, basic	$	0.14	$	0.22	$	0.10	$	0.30
Net income per share attributable to common stockholders, diluted	$	0.14	$	0.21	$	0.10	$	0.28

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):