XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Net Income per Share | 12 Months Ended
--- | ---
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 common shares outstanding during the applicable period. Diluted net income per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common stock. Potential common stock consists of shares issuable pursuant to stock awards, convertible senior notes and warrants issued by the Company. For the year ended December 31, 2023 and 2022, the dilutive effect of outstanding stock awards is reflected in diluted earnings per share by application of the treasury stock method and the dilutive effect of the convertible securities is reflected in diluted earnings per share by application of the if-converted method. For the year ended December 31, 2021, the dilutive effect of outstanding stock awards and convertible securities is reflected in diluted earnings per share by application of the treasury stock method. The components used in the computation of basic and diluted net income per share for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands, except per share data):
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income | $ | 547,629 |  |  | $ | 523,672 |  |  | $ | 651,642 |
Denominator: |  |  |  |  |
Shares used for basic net income per share | 152,510 |  |  | 159,089 |  |  | 162,665 |
Effect of dilutive securities: |  |  |  |  |
Stock awards | 2,312 |  |  | 658 |  |  | 1,539 |
Convertible senior notes | 575 |  |  | 720 |  |  | 1,600 |
Warrants related to issuance of convertible senior notes | — |  |  | — |  |  | — |
Shares used for diluted net income per share | 155,397 |  |  | 160,467 |  |  | 165,804 |
Basic net income per share | $ | 3.59 |  |  | $ | 3.29 |  |  | $ | 4.01 |
Diluted net income per share | $ | 3.52 |  |  | $ | 3.26 |  |  | $ | 3.93 |
For the years ended December 31, 2023, 2022 and 2021, certain potential outstanding shares from service-based stock awards, convertible senior notes and warrants were excluded from the computation of diluted net income per share because the effect of including these items was anti-dilutive. Additionally, certain market- and performance-based stock awards were excluded from the computation of diluted net income per share because the underlying market and performance conditions for such stock awards had not been met as of these dates. The number of potentially outstanding shares excluded from the computation of diluted net income per share for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
| 2023 |  | 2022 |  | 2021
Service-based stock awards | 2,947 |  |  | 2,211 |  |  | 776 |
Market- and performance-based stock awards | 1,371 |  |  | 1,030 |  |  | 1,199 |
Convertible senior notes | — |  |  | — |  |  | 9,898 |
Warrants related to issuance of convertible senior notes | 26,998 |  |  | 21,991 |  |  | 21,991 |
Total shares excluded from computation | 31,316 |  |  | 25,232 |  |  | 33,864 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration