Net Income Per Share Attributable to Common Stockholders

3 Months Ended

Dec. 31, 2022

Net Income Per Share Attributable to Common Stockholders

11. Net Income Per Share Attributable to Common Stockholders

Basic net income per share attributable to common stockholders is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income per share attributable to common stockholders adjusts the basic net income per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.

The following table sets forth the computation of the Company’s basic and diluted net income per share attributable to common stockholders:


	Three Months Ended
	December 31, 2022		January 1, 2022
(In thousands, except share and per share data)
Numerator:
Net income attributable to common stockholders - basic and diluted	$	75,188	$	123,481
Denominator:
Weighted-average shares of common stock—basic		127,212,245		127,662,826
Effect of potentially dilutive stock options		1,802,786		8,162,237
Effect of RSUs		2,460,948		6,306,547
Effect of PSUs		27,007		190,838
Weighted-average shares of common stock—diluted		131,502,986		142,322,448
Net income per share attributable to common stockholders:
Basic	$	0.59	$	0.97
Diluted	$	0.57	$	0.87

The following potentially dilutive shares were excluded from the computation of diluted net income per share attributable to common stockholders because including them would have been antidilutive:


	Three Months Ended
	December 31, 2022		January 1, 2022
Stock options to purchase common stock		8,624,436		5,838,942
Restricted stock units		7,664,566		3,529,909
Performance stock units		61,681		110,669
Total		16,350,683		9,479,520