Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share Available to Common Stock

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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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