Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

The following is a summary of quarterly financial data:

(In thousands, except per share data)	2019
Three months ended	March 31		June 30		September 30		December 31
Revenues	$	1,937,022	$	2,023,384	$	1,965,716	$	1,976,074
Net income	180,722		216,709		165,208		119,306
Net income per share (1)
Basic (2)	0.95		1.14		0.87		0.62
Diluted	0.94		1.12		0.85		0.62

	2018
Three months ended	March 31		June 30		September 30		December 31
Revenues	$	1,891,247	$	1,910,916	$	1,937,902	$	1,951,586
Net income	166,397		180,075		161,920		132,357
Net income per share (1)
Basic (2)	0.88		0.95		0.85		0.69
Diluted	0.87		0.93		0.84		0.69

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(1) Net income per share (“EPS”) in each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters EPS does not necessarily equal the full-year EPS.

(2) Basic shares outstanding includes shares held in a grantor trust.