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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 shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted average number of shares of common stock, adjusted for any dilutive effect of potential common stock. Potential common stock, computed using the treasury stock method, includes RSUs, MSUs, PSUs and our ESPP.

The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands, except per share amounts): 
 Year Ended December 31,
 202320222021
Numerator:
Net income $445,053 $361,573 $772,020 
Denominator:
Weighted average common shares outstanding, basic76,426 78,190 78,917 
Dilutive effect of potential common stock142 230 753 
Total shares, diluted76,568 78,420 79,670 
Net income per share, basic$5.82 $4.62 $9.78 
Net income per share, diluted$5.81 $4.61 $9.69 
Anti-dilutive potential common shares 1
293 320 1 

1    Represents stock-based awards not included in the calculation of diluted net income per share as the effect would have been anti-dilutive.