Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share Reconciliation [Abstract]

Schedule of Components Used in Diluted and Basic Income Per Common Share

The following table sets forth the components used in the computation of basic and diluted net income per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share data):

	For the Three Months Ended March 31,
	2020		2019
Numerator:
Net income	$	123,146	$	107,130
Denominator:
Shares used for basic net income per share	161,992		163,236
Effect of dilutive securities:
Stock options	11		49
RSUs and DSUs	1,681		1,502
Convertible senior notes	—		—
Warrants related to issuance of convertible senior notes	—		—
Shares used for diluted net income per share	163,684		164,787
Basic net income per share	$	0.76	$	0.66
Diluted net income per share	$	0.75	$	0.65

Schedule of Shares Excluded from Computation of Diluted Earnings Per Share

The number of potentially outstanding common shares excluded from the computation of diluted net income per share for the three months ended March 31, 2020 and 2019 are as follows (in thousands):

	For the Three Months Ended March 31,
	2020	2019
Service-based RSUs	2,022	2,565
Market-and performance-based RSUs	1,487	1,484
Convertible senior notes	21,991	12,093
Warrants related to issuance of convertible senior notes	21,991	12,093
Total shares excluded from computation	47,491	28,235