The calculation of basic and diluted net income per share for the three and nine months ended September 30, 2026 and 2025 was as follows (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Basic net income per share
Numerator:
Net income	$	571,063	$	455,943	$	1,340,251	$	1,007,346
Denominator:
Weighted-average common shares outstanding	107,472		107,264		107,430		107,211

Diluted net income per share
Denominator:
Weighted-average common shares outstanding	107,472		107,264		107,430		107,211
Effect of restricted stock and performance units	230		274		236		281
Weighted-average shares used in computing diluted net income per share	107,702		107,538		107,666		107,492

Net income per share:
Basic	$	5.31	$	4.25	$	12.48	$	9.40
Diluted	$	5.30	$	4.24	$	12.45	$	9.37

The following table summarizes the potential shares of common stock that were excluded from the computation of diluted net income per share for the three and nine months ended September 30, 2026 and 2025 as such shares would have had an anti-dilutive effect (in thousands):