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Net Income Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share Basic net income per share is computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted-average number of shares of common stock outstanding during the period, including potential common shares assuming the dilutive effect of outstanding stock options, restricted stock units, and the employee stock purchase plan using the treasury stock method. Potential common shares whose effect would have been antidilutive are excluded from the computation of diluted net income per share. The following table sets forth the computation of our basic and diluted net income per share attributable to common stockholders (in thousands, except per share amounts):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Net income |  | $ | 2,087,321 |  |  | $ | 1,352,446 |  |  | $ | 840,854 |
Basic weighted-average shares outstanding |  | 309,354 |  |  | 306,473 |  |  | 306,512 |
Add weighted-average effects of dilutive securities: |  |  |  |  |  |
Stock options and RSUs |  | 7,724 |  |  | 9,876 |  |  | 12,464 |
Employee stock purchase plan |  | 57 |  |  | 110 |  |  | 262 |
Diluted weighted-average shares outstanding |  | 317,135 |  |  | 316,459 |  |  | 319,238 |
Net income per share: |  |  |  |  |  |
Basic |  | $ | 6.75 |  |  | $ | 4.41 |  |  | $ | 2.74 |
Diluted |  | $ | 6.58 |  |  | $ | 4.27 |  |  | $ | 2.63 |
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 (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Stock options and RSUs |  | 145 |  |  | 302 |  |  | 298 |
Employee stock purchase plan |  | 103 |  |  | 200 |  |  | 37 |
Total |  | 248 |  |  | 502 |  |  | 335 |

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