Net Income Per Share

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
Numerator:
Net income	$	491,885	$	299,099	$	928,358	$	571,358
Denominator:
Weighted-average shares used in computing net income per share, basic	308,636		306,754		307,810		307,399
Add weighted-average effect of dilutive securities:
Employee equity awards	7,849		9,827		8,221		10,641
Weighted-average shares used in computing net income per share, diluted	316,485		316,581		316,031		318,040
Net income per share:
Basic	$	1.59	$	0.98	$	3.02	$	1.86
Diluted	$	1.55	$	0.94	$	2.94	$	1.80

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,
	2023	2022	2023	2022
Stock options and RSUs	548	781	285	423
Employee stock purchase plan	77	—	213	8
Total	625	781	498	431