XML 112 R100.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Selected Quarterly Financial Data (Unaudited) - Schedule of Selected Quarterly Financial Data (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
[1]
Dec. 31, 2018
Dec. 31, 2017
[2]
Quarterly Financial Information Disclosure [Abstract]                      
Revenues, net $ 698,881 $ 681,048 $ 647,094 $ 621,825 $ 643,422 $ 619,586 $ 584,985 $ 585,500 $ 2,648,848 $ 2,433,492 $ 2,249,538
Operating income 320,796 329,141 297,317 284,176 284,738 281,090 264,783 260,087 1,231,430 1,090,698 883,760
Net income $ 235,510 $ 225,805 $ 261,651 $ 172,107 $ 302,000 $ 157,694 $ 176,852 $ 174,937 $ 895,073 [3] $ 811,483 $ 740,200 [4]
Earnings per share:                      
Basic earnings per share (in usd per share) $ 2.72 $ 2.61 $ 3.03 $ 2.00 $ 3.45 $ 1.78 $ 1.98 $ 1.95 $ 10.36 $ 9.14 $ 8.12
Diluted earnings per share (in usd per share) $ 2.60 $ 2.49 $ 2.90 $ 1.93 $ 3.33 $ 1.71 $ 1.91 $ 1.88 $ 9.94 $ 8.81 $ 7.91
Weighted average shares outstanding:                      
Basic (in shares) 86,600 86,662 86,360 85,941 87,636 88,456 89,169 89,765 86,401 88,750 91,129
Diluted (in shares) 90,427 90,522 90,131 89,244 90,703 92,081 92,702 93,250 90,070 92,151 93,594
[1] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using a modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 14.
[2] The Company applied the modified retrospective transition method when adopting ASC 606, therefore the Company's 2017 prior period results were not restated to reflect ASC 606.
[3] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019 using the modified retrospective transition method. The adoption of the Leases guidance resulted in an adjustment to other assets, other current liabilities and other noncurrent liabilities in our consolidated balance sheet for the cumulative effect of applying the standard. Financial results reported in periods prior to 2019 are unchanged.
[4] Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230), which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.