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Net Income Per Share Available to Common Stock
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Net Income Per Share Available to Common Stock
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
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Net income
$
133,722

 
$
51,257

 
$
319,368

 
$
125,406

Less: undistributed earnings allocated to participating securities
(182
)
 
(295
)
 
(725
)
 
(931
)
Net income available to common stockholders, basic
$
133,540

 
$
50,962

 
$
318,643

 
$
124,475

Diluted:
 
 
 
 
 
 
 
Net income attributable to common stockholders, basic
$
133,540

 
$
50,962

 
$
318,643

 
$
124,475

Add: undistributed earnings allocated to participating securities
15

 
18

 
61

 
56

Net income attributable to common stockholders, diluted
$
133,555

 
$
50,980

 
$
318,704

 
$
124,531

Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted-average shares used in computing net income per share available to common stockholders, basic
72,588

 
69,076

 
71,903

 
68,365

Diluted:
 
 
 
 
 
 
 
Weighted-average shares used in computing net income per share available to common stockholders, basic
72,588

 
69,076

 
71,903

 
68,365

Add weighted-average effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and RSUs
6,636

 
4,357

 
6,528

 
4,429

Employee stock purchase plan
98

 
20

 
97

 
17

Weighted-average shares used in computing net income per share available to common stockholders, diluted
79,322

 
73,453

 
78,528

 
72,811

Net income per share attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
1.84

 
$
0.74

 
$
4.43

 
$
1.82

Diluted
$
1.68

 
$
0.69

 
$
4.06

 
$
1.71


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
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Stock options and RSUs to purchase common stock
14

 
2,688

 
73

 
3,215