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Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The numerators and denominators of the basic and diluted EPS computations for the Company's common stock are calculated as follows (in millions, except for per share amounts):

			Year Ended December 31,
			2023												2022												2021
			Class A						Class B						Class A						Class B						Class A						Class B
Basic net income per share:
Numerator
Net income attributable to common stockholders			$	345.7					$	107.9					$	426.8					$	126.4					$	263.9					$	71.9
Denominator
Weighted-average number of common shares outstanding used in computing basic net income per share			260.1						81.1						278.6						82.6						304.9						83.1
Net income per common share, basic			$	1.33					$	1.33					$	1.53					$	1.53					$	0.87					$	0.87
Diluted net income per share:
Numerator
Net income attributable to common stockholders			$	345.7					$	107.9					$	426.8					$	126.4					$	263.9					$	71.9
Reallocation of net income as a result of conversion of Class B to Class A common stock			107.9						—						126.4						—						71.9						—
Reallocation of net income to Class B common stock			—						(1.4)						—						(0.7)						—						(1.3)
Net income attributable to common stockholders for diluted EPS			$	453.6					$	106.5					$	553.2					$	125.7					$	335.8					$	70.6
Denominator
Weighted-average number of common shares outstanding used in computing basic net income per share			260.1						81.1						278.6						82.6						304.9						83.1
Weighted-average effect of dilutive restricted stock units and awards and employee stock options			4.4						—						2.1						—						7.8						0.1
Conversion of Class B to Class A common stock			81.1						—						82.6						—						83.1						—
Weighted-average number of common shares outstanding used in computing diluted net income per share			345.6						81.1						363.3						82.6						395.8						83.2
Net income per common share, diluted			$	1.31					$	1.31					$	1.52					$	1.52					$	0.85					$	0.85

Schedule of Potentially Dilutive Securities Excluded from Computation of Earnings Per Share

The weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive was as follows:

									Year Ended December 31,
															2023						2022						2021
Restricted stock units and awards															6.9						20.4						2.4
Options to purchase shares of common stock															—						0.3						0.1
Co-Founder Grant															8.3						8.3						9.3
Convertible Senior Notes															37.8						37.8						31.9
Warrants															37.8						37.8						31.9
Total															90.8						104.6						75.6

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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