v3.24.3
Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per share for the periods presented (in thousands, except per share amounts):
 Three Months Ended 
 September 30,		Nine Months Ended 
 September 30,
 2024202320242023
Numerator:
Net income$57,366 $87,850 $173,375 $224,302 
Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes1,585 1,583 4,755 4,750 
Net income attributable to common stockholders—diluted$58,951 $89,433 $178,130 $229,052 
Denominator:
Weighted-average common shares outstanding—basic114,181 121,808 116,372 123,341 
Dilutive effect of outstanding stock-based compensation awards1,853 2,369 2,030 2,991 
Dilutive effect of assumed conversion of convertible senior notes (1)14,714 14,714 14,714 14,714 
Weighted-average common shares outstanding—diluted130,748 138,891 133,116 141,046 
Net income per share attributable to common stockholders—basic$0.50 $0.72 $1.49 $1.82 
Net income per share attributable to common stockholders—diluted$0.45 $0.64 $1.34 $1.62 
Outstanding stock-based compensation awards excluded from net income per diluted share because their effect would have been anti-dilutive7,655 6,864 7,446 6,199 
(1)The $1.0 billion aggregate principal amount of 0.25% Convertible Senior Notes due 2028 (the “2021 Notes”), the $650.0 million aggregate principal amount of 0.125% Convertible Senior Notes due 2027 (the “2020 Notes”), and the $649.9 million aggregate principal amount of 0.125% Convertible Senior Notes due 2026 (the “2019 Notes” and together with the 2021 Notes and 2020 Notes, the “Notes”) were dilutive for the three and nine months ended September 30, 2024 and September 30, 2023.