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

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

(In thousands except per share data)

 

2017

 

2016

 

2017

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income, basic

 

$

23,767

 

$

15,033

 

$

75,758

 

$

34,065

 

Add: interest expense on 2023 Notes

 

1,410

 

1,429

 

4,231

 

 

 

 

 

 

 

 

 

 

 

 

Net income, diluted

 

$

25,177

 

$

16,462

 

$

79,989

 

$

34,065

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

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

 

106,841

 

109,282

 

107,236

 

111,128

 

Dilutive effect of 2023 Notes

 

12,189

 

12,398

 

12,189

 

 

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

 

766

 

313

 

695

 

455

 

 

 

 

 

 

 

 

 

 

 

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

 

119,796

 

121,993

 

120,120

 

111,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

 

 

 

 

Basic

 

$

0.22

 

$

0.14

 

$

0.71

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.21

 

$

0.13

 

$

0.67

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of anti-dilutive securities

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

(In thousands)

 

2017

 

2016

 

2017

 

2016

 

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

 

1,779

 

3,881

 

2,287

 

4,216

 

Shares issuable upon conversion of 2023 Notes

 

 

 

 

12,635

 

 

 

 

 

 

 

 

 

 

 

 

 

1,779

 

3,881

 

2,287

 

16,851