Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share

Reconciliation of Basic and Diluted Earnings Per Share

The following tables present a reconciliation of the numerators and the denominators of the company’s basic and diluted earnings per share computations for the three and nine months ended September 30, 2017 and 2016 (in thousands, except per share data):

	Three Months Ended September 30,
	2017					2016
	Net Income		Shares	Per Share		Net Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Basic earnings per share	$	153,258	239,066	$	0.64	$	157,397	243,761	$	0.65
Dilutive common share equivalents		-	1,814				-	1,921
Diluted earnings per share	$	153,258	240,880	$	0.64	$	157,397	245,682	$	0.64

	Nine Months Ended September 30,
	2017						2016
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Basic earnings per share	$	508,008		241,117	$	2.11	$	362,103		243,539	$	1.49
Dilutive common share equivalents		-		1,699				-		1,688
Diluted earnings per share	$	508,008		242,816	$	2.09	$	362,103		245,227	$	1.48