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Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share Reconciliation [Abstract]  
Schedule of Components Used in Computation of Basic and Diluted Net Income Per Share
The components used in the computation of basic and diluted net income per share for the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands, except per share data):
 
 For the Three Months
Ended September 30,
For the Nine Months
Ended September 30,
 2025202420252024
Numerator:
Net income$140,170 $57,907 $366,959 $365,013 
Denominator:
Shares used for basic net income per share143,577 151,435 145,795 151,776 
Effect of dilutive securities:
Stock awards1,234 1,511 1,246 2,120 
Convertible senior notes— 294 — 869 
Warrants related to issuance of convertible senior notes— — — — 
Shares used for diluted net income per share144,811 153,240 147,041 154,765 
Basic net income per share$0.98 $0.38 $2.52 $2.40 
Diluted net income per share$0.97 $0.38 $2.50 $2.36 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The number of potentially outstanding shares excluded from the computation of diluted net income per share for the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
For the Three Months
Ended September 30,
For the Nine Months
Ended September 30,
2025202420252024
Service-based stock awards2,396 974 4,176 2,802 
Market- and performance-based stock awards1,583 1,311 1,583 1,318 
Warrants related to issuance of convertible senior notes42,087 32,006 41,548 32,006 
Total shares excluded from computation46,066 34,291 47,307 36,126