Net Income per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 (in thousands, except per share data):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	158,623	$	137,890	$	443,684	$	358,935
Denominator:
Shares used for basic net income per share	162,757		162,445		162,387		163,029
Effect of dilutive securities:
Stock options	6		36		27		59
RSUs and DSUs	2,024		2,077		1,781		1,700
Convertible senior notes	1,732		—		795		—
Warrants related to issuance of convertible senior notes	—		—		—		—
Shares used for diluted net income per share	166,519		164,558		164,990		164,788
Basic net income per share	$	0.97	$	0.85	$	2.73	$	2.20
Diluted net income per share	$	0.95	$	0.84	$	2.69	$	2.18

Schedule of Shares Excluded from Computation of Diluted Net Income Per Share

The number of potentially outstanding common shares excluded from the computation of diluted net income per share for the three and nine months ended September 30, 2020 and 2019 are as follows (in thousands):

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2020	2019	2020	2019
Service-based RSUs	116	139	751	959
Market- and performance-based RSUs	1,383	1,484	1,418	1,484
Convertible senior notes	9,898	21,991	13,929	21,991
Warrants related to issuance of convertible senior notes	21,991	21,991	21,991	21,991
Total shares excluded from computation	33,388	45,605	38,089	46,425