v3.25.2
Net Income Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed using the weighted average number of common shares outstanding for the period. Diluted net income per share applying the treasury stock method is computed using the weighted average number of
common shares outstanding for the period plus potential dilutive common shares, including stock options, RSUs, PSUs, employee stock purchase rights and the 2030 Notes, unless the potential common shares are anti-dilutive.

Basic and diluted net income per share are calculated as follows (in thousands, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Basic and diluted net income per share
Numerator:
Net income$10,538 $9,476 $20,081 $19,202 
Denominator:
Weighted-average shares outstanding - basic72,009 74,366 72,777 74,401 
Effect of dilutive potential common shares from stock options, stock awards and employee stock purchase plan1,108 1,131 1,332 1,031 
Weighted-average shares outstanding - diluted73,117 75,497 74,109 75,432 
Net income per share:
Basic$0.15 $0.13 $0.28 $0.26 
Diluted$0.14 $0.13 $0.27 $0.25 

The following table presents common shares related to potentially dilutive shares excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Stock options, stock awards and employee stock purchase rights144 89 144 67 
2030 Notes9,591 — 9,591 — 
Total9,735 89 9,735 67