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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Net Income Per Share  
Schedule of computation of basic and diluted net income per share

 

 

Three Months Ended March 31,

 

(In thousands except per share data)

 

2017

 

2016

 

Numerator:

 

 

 

 

 

Net income, basic

 

$

16,845

 

$

4,435

 

Add: Interest expense on 2023 Notes

 

1,407

 

 

 

 

 

 

 

 

Net income, diluted

 

$

18,252

 

$

4,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average shares used to compute basic net income per share

 

107,487

 

112,482

 

Dilutive effect of 2023 Notes

 

12,189

 

 

Dilutive effect of options and awards granted under equity incentive plan and employee stock purchase plan

 

660

 

696

 

 

 

 

 

 

 

Weighted-average shares used to compute diluted net income per share

 

120,336

 

113,178

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

Basic

 

$

0.16

 

$

0.04

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.15

 

$

0.04

 

 

 

 

 

 

 

 

 

 

 

Schedule of anti-dilutive securities

 

 

 

Three months ended March 31,

 

(In thousands)

 

2017

 

2016

 

Outstanding options and awards granted under equity incentive plan and employee stock purchase plan

 

3,062

 

4,427

 

Shares issuable upon conversion of 2023 Notes

 

 

12,904

 

 

 

 

 

 

 

 

 

3,062

 

17,331