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Net Income Per Share
 3 Months Ended
Jun. 30, 2024
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, 2024 and 2023 (in thousands, except per share amounts):
Three months ended June 30,
 20242023
Net income$141,833 $62,727 
Shares used in net income per share computation:  
Weighted average shares outstanding - basic153,300 158,859 
Effect of potentially dilutive equivalent shares1,678 1,296 
Weighted average shares outstanding - diluted154,978 160,155 
Net income per share:  
Basic$0.93 $0.39 
Diluted$0.92 $0.39 
 
Share equivalents attributable to outstanding stock options and restricted stock units totaling 1.1 million and 2.0 million for the three months ended June 30, 2024 and 2023, 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 restricted stock units were not included in the dilutive net income per share 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.