Net Income Per Share Available to Common Stock

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Numerator:
Basic:
Net income	$	82,961		$	35,245
Less: undistributed earnings allocated to participating securities	(267		)	(324		)
Net income available to common stockholders, basic	$	82,694		$	34,921
Diluted:
Net income attributable to common stockholders, basic	$	82,694		$	34,921
Add: undistributed earnings allocated to participating securities	22			20
Net income attributable to common stockholders, diluted	$	82,716		$	34,941
Denominator:
Basic:
Weighted-average shares used in computing net income per share available to common stockholders, basic	71,114			67,737
Diluted:
Weighted-average shares used in computing net income per share available to common stockholders, basic	71,114			67,737
Add weighted-average effect of dilutive securities:
Stock options and RSUs	6,321			4,443
Employee stock purchase plan	81			34
Weighted-average shares used in computing net income per share available to common stockholders, diluted	77,516			72,214
Net income per share attributable to common stockholders:
Basic	$	1.16		$	0.52
Diluted	$	1.07		$	0.48

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,
	2017	2016
Stock options and RSUs to purchase common stock	188	3,763