Net Income per Share (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019 (in thousands, except per share data):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net income	$	161,915	$	113,915	$	285,061	$	221,045
Denominator:
Shares used for basic net income per share	162,413		163,407		162,203		163,322
Effect of dilutive securities:
Stock options	62		92		37		71
RSUs and DSUs	1,640		1,520		1,659		1,510
Convertible senior notes	653		—		327		—
Warrants related to issuance of convertible senior notes	—		—		—		—
Shares used for diluted net income per share	164,768		165,019		164,226		164,903
Basic net income per share	$	1.00	$	0.70	$	1.76	$	1.35
Diluted net income per share	$	0.98	$	0.69	$	1.74	$	1.34

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 and six months ended June 30, 2020 and 2019 are as follows (in thousands):

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2020	2019	2020	2019
Service-based RSUs	115	174	1,069	1,370
Market-and performance-based RSUs	1,383	1,484	1,435	1,484
Convertible senior notes	9,898	12,093	15,945	12,093
Warrants related to issuance of convertible senior notes	21,991	12,093	21,991	12,093
Total shares excluded from computation	33,387	25,844	40,440	27,040