Net Income Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

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

	Three Months Ended March 31,
	2021		2020
Numerator:
Net income	$	180,366	$	138,431
Denominator:
Weighted-average shares used in computing net income per share, basic	76,306		76,264
Add weighted-average effect of dilutive securities:
Stock options and RSUs	3,279		3,675
Employee stock purchase plan	38		—
Weighted-average shares used in computing net income per share, diluted	79,623		79,939
Net income per share:
Basic	$	2.36	$	1.82
Diluted	$	2.27	$	1.73

    The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share for the periods presented because their effect would have been anti-dilutive for the periods presented (in thousands):

	Three Months Ended March 31,
	2021	2020
Stock options and RSUs	130	601
Employee stock purchase plan	10	—
Total	140	601