Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share Reconciliation [Abstract]

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

The components used in the computation of basic and diluted net income per share for the three months ended March 31, 2023 and 2022 were as follows (in thousands, except per share data):

 

	For the Three Months Ended March 31,
	2023		2022
Numerator:
Net income	$	97,106	$	133,376
Denominator:
Shares used for basic net income per share	155,637		160,494
Effect of dilutive securities:
Stock options	—		1
RSUs and DSUs	498		1,320
Convertible senior notes	—		1,822
Shares used for diluted net income per share	156,135		163,637
Basic net income per share	$	0.62	$	0.83
Diluted net income per share	$	0.62	$	0.82

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The number of potentially outstanding shares excluded from the computation of diluted net income per share for the three months ended March 31, 2023 and 2022 were as follows (in thousands):

	For the Three Months Ended March 31,
	2023	2022
Service-based RSUs	7,867	2,234
Market- and performance-based RSUs	1,580	1,054
Warrants related to issuance of convertible senior notes	21,991	21,991
Total shares excluded from computation	31,438	25,279