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Net Income Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Schedule of Calculation of Basic and Diluted Net Income Per Share | The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Basic net income per share: | Class A |  | Class B |  | Class A |  | Class B |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 22,808 |  |  | $ | 1,834 |  |  | $ | 39,306 |  |  | $ | 3,325 |  |  |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in calculating net income per share, basic | 317,561 |  |  | 25,536 |  |  | 305,927 |  |  | 25,879 |  |  |  |  |  |  |  |  |
Basic net income per share | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | 0.13 |  |  |  |  |  |  |  |  |
Diluted net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of distributed income, net of interest expense and related tax | $ | 24,101 |  |  | $ | 1,938 |  |  | $ | 39,306 |  |  | $ | 3,325 |  |  |  |  |  |  |  |  |
Reallocation of undistributed net income as a result of conversion of Class B to Class A shares | 1,938 |  |  | — |  |  | 3,325 |  |  | — |  |  |  |  |  |  |  |  |
Allocation of undistributed income | $ | 26,039 |  |  | $ | 1,938 |  |  | $ | 42,631 |  |  | $ | 3,325 |  |  |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares used in basic calculation | 317,561 |  |  | 25,536 |  |  | 305,927 |  |  | 25,879 |  |  |  |  |  |  |  |  |
Weighted-average effect of diluted securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conversion of Class B to Class A common shares outstanding | 25,536 |  |  | — |  |  | 25,879 |  |  | — |  |  |  |  |  |  |  |  |
Employee stock options | 5,961 |  |  | — |  |  | 11,047 |  |  | — |  |  |  |  |  |  |  |  |
Employee stock purchase plan | 86 |  |  | — |  |  | 34 |  |  | — |  |  |  |  |  |  |  |  |
Restricted stock units and performance stock units | 3,404 |  |  | — |  |  | 4,475 |  |  | — |  |  |  |  |  |  |  |  |
Unvested restricted stock in connection with acquisition | 194 |  |  | — |  |  | 519 |  |  | — |  |  |  |  |  |  |  |  |
Shares issuable upon conversion of the 2025 Notes | 5,740 |  |  | — |  |  | 8,098 |  |  | — |  |  |  |  |  |  |  |  |
Shares issuable upon conversion of the 2029 Notes | 4,596 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Number of shares used in diluted calculation | 363,078 |  |  | 25,536 |  |  | 355,979 |  |  | 25,879 |  |  |  |  |  |  |  |  |
Diluted net income per share | $ | 0.07 |  |  | $ | 0.08 |  |  | $ | 0.12 |  |  | $ | 0.13 |  |  |  |  |  |  |  |  |
Schedule of Potentially Dilutive Securities not Included in Diluted Per Share Calculations | Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands):
| As of March 31,
| 2025 |  | 2024
Shares subject to outstanding stock options, RSUs and PSUs | 2,868 |  |  | 966 |
Total | 2,868 |  |  | 966 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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