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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The computation of basic and diluted EPS is as follows (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

137,762

 

 

$

242,317

 

 

$

108,318

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding—basic

 

 

476,851

 

 

 

462,865

 

 

 

445,329

 

Effect of dilutive securities

 

 

21,689

 

 

 

27,016

 

 

 

32,732

 

Weighted-average shares outstanding—diluted

 

 

498,540

 

 

 

489,881

 

 

 

478,061

 

Basic EPS

 

$

0.29

 

 

$

0.52

 

 

$

0.24

 

Diluted EPS

 

$

0.28

 

 

$

0.49

 

 

$

0.23

 

Anti-dilutive equity awards under stock-based award

   plans excluded from the determination of diluted EPS

 

 

1,699

 

 

 

316

 

 

 

6,915