Net Income Per Share Available to Common Stock

3 Months Ended

Mar. 31, 2020

Net Income Per Share Available to Common Stock

8. Net Income Per Share Available to Common Stock

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



	Three Months Ended March 31,
	2020		2019
Numerator:
Basic:
Net income	$	138,431	$	201,029
Less: undistributed earnings allocated to participating securities	—		(118		)
Net income available to common stockholders, basic	$	138,431	$	200,911
Diluted:
Net income attributable to common stockholders, basic	$	138,431	$	200,911
Add: undistributed earnings allocated to participating securities	—		7
Net income attributable to common stockholders, diluted	$	138,431	$	200,918
Denominator:
Basic:
Weighted-average shares used in computing net income per share available to common stockholders, basic	76,264		75,920
Diluted:
Weighted-average shares used in computing net income per share available to common stockholders, basic	76,264		75,920
Add weighted-average effect of dilutive securities:
Stock options and RSUs	3,675		5,279
Employee stock purchase plan	—		2
Weighted-average shares used in computing net income per share available to common stockholders, diluted	79,939		81,201
Net income per share attributable to common stockholders:
Basic	$	1.82	$	2.65
Diluted	$	1.73	$	2.47

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



	Three Months Ended March 31,
	2020	2019
Stock options and RSUs to purchase common stock	601	162
Employee stock purchase plan	—	105
Total	601	267