Net Income Per Share

12 Months Ended

Dec. 31, 2024

Note 14. Net Income Per Share

Our basic net income per share is computed by dividing the net income by the number of weighted average common shares outstanding during the period. Our diluted net income per share is computed by dividing net income by the weighted average common shares outstanding during the period assuming potentially dilutive common shares of stock options, RSUs and PSUs.

Net income per share was calculated as follows for the periods indicated below:


	Year Ended December 31,
(in thousands, except per share data)	2024		2023		2022
Basic Net Income Per Share
Basic net income	$	32,615	$	597,599	$	340,660

Weighted average common shares outstanding	207,110		223,628		222,004

Basic net income per share	$	0.16	$	2.67	$	1.53

Diluted Net Income Per Share
Diluted net income	$	32,615	$	597,599	$	340,660

Weighted average common shares outstanding	207,110		223,628		222,004
Dilutive stock options and awards	3,420		2,300		1,954
Weighted average shares used to compute diluted net income per share	210,530		225,928		223,958

Diluted net income per share	$	0.15	$	2.65	$	1.52

The potential common shares that were excluded from the diluted net income per share computation are as follows:


	2024	2023	2022
Outstanding stock options and awards	12,905,281	12,710,250	10,946,703