NOTE 7:-

BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing the net earnings by the weighted-average number of shares of common stock outstanding during the period.

No shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2018 (unaudited).

The total weighted average number of shares related to the outstanding stock options, excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect was 199,950 and 395,032 for the three and six months ended June 30, 2017 (unaudited), respectively.

The following table presents the computation of basic and diluted net earnings per share for the periods presented (in thousands, except per share data):

	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
	(unaudited)				(unaudited)
Numerator:
Net income	$	34,568	$	22,524	$	70,254	$	36,699

Denominator:
Shares used in computing net earnings per share of common stock, basic		45,216,253		41,700,399		44,726,382		41,525,285
Effect of stock-based awards		3,075,027		3,131,191		3,258,435		2,810,236
Shares used in computing net earnings per share of common stock, diluted		48,291,280		44,831,590		47,984,817		44,335,521

Basic net income per share	$	0.76	$	0.54	$	1.57	$	0.88
Diluted net income per share	$	0.72	$	0.50	$	1.46	$	0.83