Computation of Earnings Per Share |
The computation of earnings per share is as follows: | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2017 | | June 30, 2016 | | June 30, 2017 | | June 30, 2016 | | (in thousands, except per share data) | Basic earnings per share: | | | | | | | | Net income | $ | 65,600 |
| | $ | 40,755 |
| | $ | 243,822 |
| | $ | 68,413 |
| Shares used in computation: | | | | | | | | Weighted-average common shares outstanding | 431,396 |
| | 428,483 |
| | 431,000 |
| | 428,300 |
| Basic earnings per share | $ | 0.15 |
| | $ | 0.10 |
| | $ | 0.57 |
| | $ | 0.16 |
| | | | | | | | | Diluted earnings per share: | | | | | | | | Net income | $ | 65,600 |
| | $ | 40,755 |
| | $ | 243,822 |
| | $ | 68,413 |
| Shares used in computation: | | | | | | | | Weighted-average common shares outstanding | 431,396 |
| | 428,483 |
| | 431,000 |
| | 428,300 |
| Employee stock options | 14,866 |
| | 9,671 |
| | 14,862 |
| | 9,773 |
| Weighted-average number of shares | 446,262 |
| | 438,154 |
| | 445,862 |
| | 438,073 |
| Diluted earnings per share | $ | 0.15 |
| | $ | 0.09 |
| | $ | 0.55 |
| | $ | 0.16 |
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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 | | Six months ended | | June 30, 2017 | | June 30, 2016 | | June 30, 2017 | | June 30, 2016 | | (in thousands) | Employee stock options | 215 |
| | 1,930 |
| | 226 |
| | 1,634 |
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