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Net Income Per Share (Tables)

3 Months Ended

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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- References

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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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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