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EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Potentially issuable shares of common stock include shares issuable upon the exercise of outstanding employee stock option awards, common stock issuable under the ESPP, unvested RSUs and contingent issuances of common stock related to the Company’s convertible debt.
The following table sets forth the computation of basic and diluted earnings per common share (common shares in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Numerator:
Net Income, basic
$107,174 $56,040 $195,836 $106,892 
Add: Interest expense, net of tax, on the Company's convertible debt2,769 937 5,538 1,873 
Net Income, diluted
$109,943 $56,977 $201,374 $108,765 
Denominator:
Weighted-average common shares outstanding, basic190,114 187,948 189,490 187,311 
Effect of dilutive securities:
Common stock issuable under the Company's equity incentive plans2,056 3,080 2,312 3,475 
Common stock issuable under the Company’s convertible debt(1)
8,335 3,970 8,335 3,970 
Weighted-average common shares outstanding, diluted200,505 194,998 200,137 194,756 
Earnings per common share, basic
$0.56 $0.30 $1.03 $0.57 
Earnings per common share, diluted
$0.55 $0.29 $1.01 $0.56 
In addition to the equity instruments included in the table above, the table below presents potential shares of common stock that were excluded from the computation of diluted earnings per common share as they were anti-dilutive (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Common stock issuable under the Company's equity incentive plans10,362 8,716 10,106 8,321 
Common stock issuable under the Company’s convertible debt (1)
— 4,365 — 4,365 
Total number of potentially issuable shares10,362 13,081 10,106 12,686 
(1)    If converted, the Company would issue 4.0 million shares under the 2024 Notes and 4.4 million shares under the 2027 Notes. For additional discussion of the Company’s convertible debt, see Note 6 - Debt.