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Net Income per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
໿

 
Three months ended September 30,
 
Nine months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Numerator for basic net income per share:
 
 
 
 
 
 
 
Net income
$
2,124

 
$
9,063

 
$
24,067

 
$
45,398

Denominator for basic net income per share:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
39,853

 
39,641

 
39,843

 
38,028

Basic net income per share
$
0.05

 
$
0.23

 
$
0.60

 
$
1.19

 
 
 
 
 
 
 
 
Numerator for diluted net income per share:
 
 
 
 
 
 
 
Net income
$
2,124

 
$
9,063

 
$
24,067

 
$
45,398

Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
39,853

 
39,641

 
39,843

 
38,028

Dilutive stock options, restricted stock and performance restricted stock units and employee stock purchase plan shares
639

 
623

 
620

 
1,078

Diluted weighted-average common shares outstanding
40,492

 
40,264

 
40,463

 
39,106

Diluted net income per share
$
0.05

 
$
0.23

 
$
0.59

 
$
1.16



Stock options and restricted stock units to purchase common stock are not included in the computation of diluted earnings per share if their effect would be anti-dilutive. The Company excluded 1.5 million and 1.0 million anti-dilutive share equivalents in the calculation of diluted earnings per share for the three months ended September 30, 2018 and 2017, respectively; and 1.6 million and 0.8 million anti-dilutive shares for the nine months ended September 30, 2018 and 2017, respectively.