Net Income (Loss) Per Share Available to Common Stock (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Basic and Diluted Net Income Per Share Available to Common Stock

The following table sets forth the computation of our basic and diluted net income (loss) per share available to common stock (in thousands, except per share amounts):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Numerator:
Basic:
Net income	$	208,895		$	168,524		$	599,175		$	157,793
Less: undistributed earnings allocated to participating securities	(96		)	(85		)	(314		)	(87		)
Net income available to common stockholders, basic	$	208,799		$	168,439		$	598,861		$	157,706
Diluted:
Net income attributable to common stockholders, basic	$	208,799		$	168,439		$	598,861		$	157,706
Add: undistributed earnings allocated to participating securities	5			6			19			7
Net income attributable to common stockholders, diluted	$	208,804		$	168,445		$	598,880		$	157,713
Denominator:
Basic:
Weighted-average shares used in computing net income per share available to common stockholders, basic	76,426			75,011			76,301			74,506
Diluted:
Weighted-average shares used in computing net income per share available to common stockholders, basic	76,426			75,011			76,301			74,506
Add weighted-average effect of dilutive securities:
Stock options and RSUs	4,308			5,967			4,784			6,298
Employee stock purchase plan	19			40			19			40
Weighted-average shares used in computing net income per share available to common stockholders, diluted	80,753			81,018			81,104			80,844
Net income per share attributable to common stockholders:
Basic	$	2.73		$	2.25		$	7.85		$	2.12
Diluted	$	2.59		$	2.08		$	7.38		$	1.95

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share available to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
Stock options and RSUs to purchase common stock	277	82	211	87
Employee stock purchase plan	41	98	59	59
Total	318	180	270	146