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EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHAREPotentially issuable shares of common stock include shares issuable upon the exercise of outstanding employee stock option awards, common stock issuable under the ESPP, unvested RSUs and contingent issuances of common stock related to the Company’s convertible debt.
The following table sets forth the computation of basic and diluted earnings per common share (common shares in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Numerator:
Net Income, basic$56,040 $27,664 $106,892 $148,462 
Add: Interest expense, net of tax, on the Company's convertible debt937 — 1,873 1,871 
Net Income, diluted$56,977 $27,664 $108,765 $150,333 
Denominator:
Weighted-average common shares outstanding, basic187,948 185,254 187,311 184,710 
Effect of dilutive securities:
Issuances under equity incentive plans3,080 2,194 3,475 2,416 
Common stock issuable under the Company’s convertible debt(1)
3,970 — 3,970 3,970 
Weighted-average common shares outstanding, diluted194,998 187,448 194,756 191,096 
Earnings per common share, basic$0.30 $0.15 $0.57 $0.80 
Earnings per common share, diluted$0.29 $0.15 $0.56 $0.79 
In addition to the equity instruments included in the table above, the table below presents potential shares of common stock that were excluded from the computation of diluted earnings per common share as they were anti-dilutive (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Issuances under equity incentive plans8,716 10,659 8,321 10,438 
Common stock issuable under the Company’s convertible debt (1)
4,365 8,335 4,365 4,365 
Total number of potentially issuable shares13,081 18,994 12,686 14,803 
(1)     Shares of the Company’s common stock issuable under its convertible debt are due in 2024 or 2027. If converted, the Company would issue 4.0 million shares under the convertible debt due in 2024 and 4.4 million shares under the convertible debt due in 2027.