Net Income Per Share Available to Common Stock

3 Months Ended

Mar. 31, 2016

Net Income Per Share Available to Common Stock

The following table sets forth the computation of our basic and diluted net income per share available to common stock (in thousands, except per share amounts):



	Three Months Ended March 31,
	2016			2015
Numerator:
Basic:
Net income	$	35,245		$	24,492
Less: undistributed earnings allocated to participating securities	(324		)	(460		)
Net income available to common stockholders, basic	$	34,921		$	24,032
Diluted:
Net income attributable to common stockholders, basic	$	34,921		$	24,032
Add: undistributed earnings allocated to participating securities	20			39
Net income attributable to common stockholders, diluted	$	34,941		$	24,071
Denominator:
Basic:
Weighted-average shares used in computing net income per share available to common stockholders, basic	67,737			64,635
Diluted:
Weighted-average shares used in computing net income per share available to common stockholders, basic	67,737			64,635
Add weighted-average effect of dilutive securities:
Stock options and RSUs	4,443			5,928
Employee stock purchase plan	34			159
Weighted-average shares used in computing net income per share available to common stockholders, diluted	72,214			70,722
Net income per share attributable to common stockholders:
Basic	$	0.52		$	0.37
Diluted	$	0.48		$	0.34

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share available to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):



	Three Months Ended March 31,
	2016	2015
Stock options and RSUs to purchase common stock	3,763	1,906