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Net Income per Share
 12 Months Ended
Dec. 31, 2024
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 shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted average number of shares of common stock, adjusted for any dilutive effect of potential common stock. Potential common stock, computed using the treasury stock method, includes RSUs, MSUs, PSUs and our ESPP.

The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands, except per share amounts): 
 Year Ended December 31,
 202420232022
Numerator:
Net income $421,362 $445,053 $361,573 
Denominator:
Weighted average common shares outstanding, basic74,877 76,426 78,190 
Dilutive effect of potential common stock116 142 230 
Total shares, diluted74,993 76,568 78,420 
Net income per share, basic$5.63 $5.82 $4.62 
Net income per share, diluted$5.62 $5.81 $4.61 
Anti-dilutive potential common shares 1
685 293 320 

1    Represents approximately 685 thousand RSU for the year ended December 31, 2024, approximately 263 thousand RSU and 30 thousand ESPP weighted-average outstanding common stock equivalent shares for the year ended December 31, 2023 and approximately 320 thousand RSU for the year ended December 31, 2022 that are excluded from the calculation of diluted net income per share as the effect would have been anti-dilutive.