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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Net Income Per Share  
Schedule of computation of basic and diluted net income per share

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(In thousands except per share data)

 

2017

 

2016

 

2017

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income, basic

 

$

35,146

 

$

14,597

 

$

51,991

 

$

19,032

 

Add: interest expense on 2023 Notes

 

1,414

 

1,457

 

2,821

 

 

 

 

 

 

 

 

 

 

 

 

Net income, diluted

 

$

36,560

 

$

16,054

 

$

54,812

 

$

19,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

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

 

107,614

 

111,359

 

107,468

 

112,005

 

Dilutive effect of 2023 Notes

 

12,189

 

12,602

 

12,189

 

 

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

 

660

 

355

 

660

 

526

 

 

 

 

 

 

 

 

 

 

 

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

 

120,463

 

124,316

 

120,317

 

112,531

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

 

 

 

 

Basic

 

$

0.33

 

$

0.13

 

$

0.48

 

$

0.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.30

 

$

0.13

 

$

0.46

 

$

0.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of anti-dilutive securities

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(In thousands)

 

2017

 

2016

 

2017

 

2016

 

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

 

2,019

 

4,276

 

2,541

 

4,383

 

Shares issuable upon conversion of 2023 Notes

 

 

 

 

12,753

 

 

 

 

 

 

 

 

 

 

 

 

 

2,019

 

4,276

 

2,541

 

17,136