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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 | 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) |  | 2023 |  | 2022 |  | 2021
Basic Net Income Per Share |  |  |  |  |  |
Basic net income |  | $ | 597,599 |  |  | $ | 340,660 |  |  | $ | 948,581 |
Weighted average common shares outstanding |  | 223,628 |  | 222,004 |  | 220,428
Basic net income per share |  | $ | 2.67 |  |  | $ | 1.53 |  |  | $ | 4.30 |
Diluted Net Income Per Share |  |  |  |  |  |
Diluted net income |  | $ | 597,599 |  |  | $ | 340,660 |  |  | $ | 948,581 |
Weighted average common shares outstanding |  | 223,628 |  | 222,004 |  | 220,428
Dilutive stock options and awards |  | 2,300 |  |  | 1,954 |  |  | 1,646 |
Weighted average shares used to compute diluted net income per share |  | 225,928 |  | 223,958 |  | 222,074
Diluted net income per share |  | $ | 2.65 |  |  | $ | 1.52 |  |  | $ | 4.27 |
The potential common shares that were excluded from the diluted net income per share computation are as follows:
| 2023 |  | 2022 |  | 2021
Outstanding stock options and awards | 12,710,250 |  | 10,946,703 |  | 10,106,837

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