Net Income per Share (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022 were as follows (in thousands, except per share data):

 

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income	$	128,816	$	137,840	$	225,922	$	271,216
Denominator:
Shares used for basic net income per share	152,064		160,038		153,850		160,266
Effect of dilutive securities:
Stock options	14		50		7		25
Stock awards	1,376		565		938		943
Convertible senior notes	—		1,057		—		1,440
Shares used for diluted net income per share	153,454		161,710		154,795		162,674
Basic net income per share	$	0.85	$	0.86	$	1.47	$	1.69
Diluted net income per share	$	0.84	$	0.85	$	1.46	$	1.67

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 and six months ended June 30, 2023 and 2022 were as follows (in thousands):

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2023	2022	2023	2022
Service-based RSUs	2,159	2,228	5,013	2,231
Market- and performance-based RSUs	1,270	1,022	1,425	1,038
Warrants related to issuance of convertible senior notes	21,991	21,991	21,991	21,991
Total shares excluded from computation	25,420	25,241	28,429	25,260