| Schedule of Computation of Basic and Diluted Net Income Per Share |
The following table shows the computation of basic and diluted net income per common share for the three and nine months ended March 31, 2025 and 2024 (in thousands, except per share amounts):
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Nine Months Ended March 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | Numerator: | | | | | | | | | Net income - basic | $ | 108,777 | | | $ | 402,459 | | | $ | 853,700 | | | $ | 855,422 | | Convertible Notes interest charge, net of tax | — | | | 385 | | | 1,777 | | | 385 | | Net income - diluted | $ | 108,777 | | | $ | 402,844 | | | $ | 855,477 | | | $ | 855,807 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average shares outstanding - basic | 595,041 | | | 564,780 | | | 592,349 | | | 545,620 | | Effect of dilutive convertible notes | — | | | 4,710 | | | 1,673 | | | 1,550 | | | Effect of dilutive securities | 26,768 | | | 44,820 | | | 31,250 | | | 41,720 | | | Weighted-average shares outstanding - diluted | 621,809 | | | 614,310 | | | 625,272 | | | 588,890 | | | | | | | | | | | Net income per common share - basic | $ | 0.18 | | | $ | 0.71 | | | $ | 1.44 | | | $ | 1.57 | | | Net income per common share - diluted | $ | 0.17 | | | $ | 0.66 | | | $ | 1.37 | | | $ | 1.45 | |
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| Schedule of Excluded from the Computation of Diluted Net Income Per Share of Common Shares |
The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common shares attributable to common stockholders, because their effect was anti-dilutive (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Nine Months Ended March 31, | | | 2025 | | 2024 | | 2025 | | 2024 | Stock-based awards | 16,245 | | | 88 | | | 9,278 | | | 3,105 | | Convertible notes | 32,138 | | | — | | | 20,673 | | | — | |
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