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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted
The calculation and reconciliation of basic and diluted earnings per share for the three and six month periods ended June 30 follows (in thousands, except per share data):
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
176,852

 
$
130,987

 
$
351,789

 
$
254,680

Denominator for basic earnings per share
 
89,169

 
92,013

 
89,466

 
92,060

Dilutive securities
 
3,533

 
2,210

 
3,504

 
2,332

Denominator for diluted earnings per share
 
92,702


94,223


92,970

 
94,392

Basic earnings per share
 
$
1.98

 
$
1.42

 
$
3.93

 
$
2.77

Diluted earnings per share
 
$
1.91

 
$
1.39

 
$
3.78

 
$
2.70