Computation of Earnings Per Share |
The computation of earnings per share is as follows: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2016 | | September 30, 2015 | | September 30, 2016 | | September 30, 2015 | | (in thousands, except per share data) | Basic earnings per share: | | | | | | | | Net income | $ | 51,517 |
| | $ | 29,432 |
| | $ | 119,930 |
| | $ | 79,463 |
| Shares used in computation: | | | | | | | | Weighted-average common shares outstanding | 428,937 |
| | 426,869 |
| | 428,514 |
| | 425,289 |
| Basic earnings per share | $ | 0.12 |
| | $ | 0.07 |
| | $ | 0.28 |
| | $ | 0.19 |
| | | | | | | | | Diluted earnings per share: | | | | | | | | Net income | $ | 51,517 |
| | $ | 29,432 |
| | $ | 119,930 |
| | $ | 79,463 |
| Shares used in computation: | | | | | | | | Weighted-average common shares outstanding | 428,937 |
| | 426,869 |
| | 428,514 |
| | 425,289 |
| Employee stock options | 9,452 |
| | 10,737 |
| | 9,666 |
| | 10,560 |
| Weighted-average number of shares | 438,389 |
| | 437,606 |
| | 438,180 |
| | 435,849 |
| Diluted earnings per share | $ | 0.12 |
| | $ | 0.07 |
| | $ | 0.27 |
| | $ | 0.18 |
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Summary of Potential Common Shares Excluded from Diluted Calculation |
The following table summarizes the potential common shares excluded from the diluted calculation: | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2016 | | September 30, 2015 | | September 30, 2016 | | September 30, 2015 | | (in thousands) | Employee stock options | 2,559 |
| | 130 |
| | 1,942 |
| | 668 |
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