v3.25.4
Net Income Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Share
Note 15. 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)202520242023
Basic net income$1,286,650 $32,615 $597,599 
Weighted average common shares outstanding195,204207,110223,628
Basic net income per share$6.59 $0.16 $2.67 
Diluted net income $1,286,650 $32,615 $597,599 
Weighted average common shares outstanding195,204207,110223,628
Dilutive stock options and awards5,496 3,420 2,300 
Weighted average shares used to compute diluted net income per share 200,700210,530225,928
Diluted net income per share$6.41 $0.15 $2.65 
The potential common shares that were excluded from the diluted net income per share computation are as follows:
202520242023
Outstanding stock options and awards8,300,52612,905,28112,710,250