Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020 (in thousands, except per share data):

	For the Three Months Ended March 31,
	2021		2020
Numerator:
Net income	$	155,695	$	123,146
Denominator:
Shares used for basic net income per share	163,061		161,992
Effect of dilutive securities:
Stock options	5		11
RSUs and DSUs	1,667		1,681
Convertible senior notes	955		—
Warrants related to issuance of convertible senior notes	—		—
Shares used for diluted net income per share	165,688		163,684
Basic net income per share	$	0.95	$	0.76
Diluted net income per share	$	0.94	$	0.75

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 months ended March 31, 2021 and 2020 are as follows (in thousands):

	For the Three Months Ended March 31,
	2021	2020
Service-based RSUs	2,070	2,022
Market- and performance-based RSUs	1,338	1,487
Convertible senior notes	9,898	21,991
Warrants related to issuance of convertible senior notes	21,991	21,991
Total shares excluded from computation	35,297	47,491