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Net Income Per Share
 3 Months Ended
Jun. 30, 2025
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, 2025 and 2024 (in thousands except per share amounts):
Three Months Ended
June 30,
 20252024
Net income$146,015 $141,833 
Shares used in net income per share computation:  
Weighted average shares outstanding - basic147,864 153,300 
Effect of potentially dilutive equivalent shares1,189 1,678 
Weighted average shares outstanding - diluted149,053 154,978 
Net income per share:  
Basic$0.99 $0.93 
Diluted$0.98 $0.92 
 
Share equivalents attributable to outstanding stock options, restricted stock units, and employee share purchase plans totaling 1.6 million and 1.1 million for the three months ended June 30, 2025 and 2024, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive. 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.