Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share

Reconciliation of Basic and Diluted Earnings Per Share

The following table presents a reconciliation of the numerators and the denominators of the company’s basic and diluted earnings per share computations for the three months ended March 31, 2017 and 2016 (in thousands, except per share data):

	Three Months Ended March 31,
	2017					2016
	Net Income		Shares	Per Share		Net Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Basic earnings per share	$	200,817	242,943	$	0.83	$	62,737	243,202	$	0.26
Dilutive common share equivalents		-	1,603				-	1,406
Diluted earnings per share	$	200,817	244,546	$	0.82	$	62,737	244,608	$	0.26