Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				Six Months Ended June 30,
	2022		2021 (1)		2022		2021 (1)
Numerator:
Net income	$	299,099	$	196,888	$	571,358	$	377,254
Denominator:
Weighted-average shares used in computing net income per share, basic	306,754		305,844		307,399		305,536
Add weighted-average effect of dilutive securities:
Stock options and RSUs	9,695		12,764		10,509		12,940
Employee stock purchase plan	132		232		132		232
Weighted-average shares used in computing net income per share, diluted	316,581		318,840		318,040		318,708
Net income per share:
Basic	$	0.98	$	0.64	$	1.86	$	1.23
Diluted	$	0.94	$	0.62	$	1.80	$	1.18

(1) Prior periods have been adjusted to reflect the four-for-one stock split effected in the form of a stock dividend in November 2021.

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 June 30,		Six Months Ended June 30,
	2022	2021 (1)	2022	2021 (1)
Stock options and RSUs	781	404	423	460
Employee stock purchase plan	—	80	8	60
Total	781	484	431	520

(1) Prior periods have been adjusted to reflect the four-for-one stock split effected in the form of a stock dividend in November 2021.