Net Income Per Share

3 Months Ended

Jun. 30, 2019

The following table summarizes the computations of basic and diluted net income per share for the three months ended June 30, 2019 and June 30, 2018 (in thousands, except per share amounts):



	Three Months Ended June 30,
	2019		2018
Net income	$	45,345	$	38,466

Shares used in net income per share computation:
Weighted average shares outstanding - basic	166,302		165,317
Effect of potentially dilutive equivalent shares	2,495		3,439
Weighted average shares outstanding - diluted	168,797		168,756

Net income per share:
Basic	$	0.27	$	0.23
Diluted	$	0.27	$	0.23

Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and employee share purchase rights (ESPP) totaling 2.0 million and 1.5 million for the three months ended June 30, 2019 and 2018, respectively, were excluded from the calculation of diluted net income per share because the combined exercise price and average unamortized grant date fair value upon exercise of these options and ESPP or vesting of RSUs were greater than the average market price of the Company's shares during the periods presented herein, and therefore their inclusion would have been anti-dilutive. Performance-based awards were not included because all necessary conditions have not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period was the end of the contingency period.