Net Income Per Share

12 Months Ended

Dec. 31, 2021

The following table sets forth the computation of our basic and diluted net income per share attributable to common stockholders, as adjusted to give effect to the Stock Split (in thousands, except per share amounts):


	Year Ended December 31,
	2021		2020		2019
Numerator:
Basic:
Net income	$	840,854	$	634,557	$	859,867
Less: undistributed earnings allocated to participating securities	—		—		(423)
Net income attributable to common stockholders, basic	$	840,854	$	634,557	$	859,444
Diluted:
Net income attributable to common stockholders, basic	$	840,854	$	634,557	$	859,444
Add: undistributed earnings allocated to participating securities	—		—		24
Net income attributable to common stockholders, diluted	$	840,854	$	634,557	$	859,468
Denominator:
Basic:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	306,512		303,936		305,248
Diluted:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	306,512		303,936		305,248
Add weighted-average effects of dilutive securities:
Stock options and RSUs	12,464		13,848		18,260
Employee stock purchase plan	262		76		8
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	319,238		317,860		323,516
Net income per share attributable to common stockholders:
Basic	$	2.74	$	2.09	$	2.82
Diluted	$	2.63	$	2.00	$	2.66

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders because their effects would have been anti-dilutive for the periods presented, as adjusted to give effect to the Stock Split (in thousands):


	Year Ended December 31,
	2021	2020	2019
Stock options and RSUs	298	1,380	1,272
Employee stock purchase plan	37	332	328
Total	335	1,712	1,600