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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The following table presents the computation of basic and diluted EPS:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2020

 

 

2019

 

2020

 

 

2019

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

115,123

 

 

$

125,690

 

$

263,248

 

 

$

303,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

83,666

 

 

 

84,750

 

 

84,268

 

 

 

84,503

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 

683

 

 

 

643

 

 

680

 

 

 

1,019

 

Diluted weighted average common shares outstanding

 

 

84,349

 

 

 

85,393

 

 

84,948

 

 

 

85,522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per basic common share

 

$

1.38

 

 

$

1.48

 

$

3.12

 

 

$

3.60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per diluted common share

 

$

1.36

 

 

$

1.47

 

$

3.10

 

 

$

3.55