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Net Income Per Share (Notes)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
The Company’s basic net income per share amounts have been computed by dividing net income by the weighted average number of shares of Common Stock and Class A Stock outstanding. Net income per share is presented on a combined basis, inclusive of Common Stock and Class A Stock outstanding, as each class of stock has equivalent economic rights. Diluted net income per share includes the potential dilutive effect of other securities as if such securities were converted or exercised during the period, when the effect is dilutive. The calculations of basic and diluted net income per share are as follows:
 
 
Three Months Ended September 30,
 
 
2015
 
2014
Net income - basic
 
$
210,398

 
$
83,375

Effective of dilutive securities:
 
 
 
 
Convertible senior notes - interest expense related to contractual coupon interest rate and amortization of discount and note issuance costs
 
145

 
2,803

Net income - diluted
 
$
210,543

 
$
86,178

 
 
 
 
 
(Shares in thousands)
 
 
 
 
Weighted average shares - basic
 
103,348

 
100,796

Effect of dilutive securities:
 
 
 
 
Stock options
 
9,632

 
9,377

Restricted stock
 
481

 
430

Convertible senior notes
 
308

 
4,033

Warrants
 
2,175

 
2,787

Dilutive potential shares
 
12,596

 
16,627

Weighted average shares - diluted
 
115,944

 
117,423

 
 
 
 
 
Net income per share - basic
 
$
2.04

 
$
0.83

Net income per share - diluted
 
$
1.82

 
$
0.73


 
 
Nine Months Ended September 30,
 
 
2015
 
2014
Net income - basic and diluted
 
$
481,062

 
$
248,031

 
 
 
 
 
(Shares in thousands)
 
 
 
 
Weighted average shares - basic
 
102,825

 
100,325

Effect of dilutive securities:
 
 
 
 
Stock options
 
9,449

 
9,515

Restricted stock
 
475

 
413

Warrants
 
2,395

 
2,950

Dilutive potential shares
 
12,319

 
12,878

Weighted average shares - diluted
 
115,144

 
113,203

 
 
 
 
 
Net income per share - basic
 
$
4.68

 
$
2.47

Net income per share - diluted
 
$
4.18

 
$
2.19

Shares which have been excluded from diluted per share amounts because their effect would have been antidilutive include the following:
 
 
Three Months Ended September 30,
(Shares in thousands)
 
2015
 
2014
Stock options
 
594

 
1,277

 
 
Nine Months Ended September 30,
(Shares in thousands)
 
2015
 
2014
Stock options
 
3,388

 
3,741

Convertible senior notes
 
1,253

 
4,483