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Net Income Per Share
 3 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
The following table summarizes the computations of basic and diluted net income per share for the three months ended June 30, 2022 and 2021 (in thousands, except per share amounts):
Three Months Ended
June 30,
 20222021
Net income$100,836 $186,841 
Shares used in net income per share computation:  
Weighted average shares outstanding - basic164,679 168,372 
Effect of potentially dilutive equivalent shares1,727 3,648 
Weighted average shares outstanding - diluted166,406 172,020 
Net income per share:  
Basic$0.61 $1.11 
Diluted$0.61 $1.09 
 
Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and employee share purchase plans ("ESPP") totaling 3.4 million and 0.5 million for the three months ended June 30, 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive. A small number of performance-based awards were not included in the calculation because all necessary conditions had not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.