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Earnings per share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted A reconciliation of the numerators and the denominators of the basic and diluted earnings per share computations is as follows (in thousands, except per share amounts):
Three Months EndedSix Months Ended
June 30,June 30,
 2025202420252024
Numerator
Net income$165,160 $93,245 $283,255 $170,068 
Denominator
Weighted average common shares outstanding for basic earnings per share121,343 127,116 122,274 127,029 
Dilutive potential common stock outstanding
Stock options1,978 1,762 2,021 1,669 
RSUs, PSUs and ESPP638 344 828 399 
Convertible Notes199 — 329 — 
Weighted average common shares outstanding for diluted earnings per share124,158 129,222 125,452 129,097 
Earnings per share
Basic$1.36 $0.73 $2.32 $1.34 
Diluted$1.33 $0.72 $2.26 $1.32 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Shares which have been excluded from the calculation of diluted earnings per common share because their effect was anti-dilutive include the following (shares in millions):
Three Months EndedSix Months Ended
June 30,June 30,
 2025202420252024
Anti-dilutive securities (1)
24.4 26.7 24.3 26.8 
(1) The anti-dilutive securities include outstanding stock options, unvested RSUs, unvested PSUs, common shares expected to be issued under our ESPP and Convertible Notes.