Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of earnings per share, basic and diluted

The following table sets forth the computation of basic and diluted net income per common share for the periods ended:



	Three Months Ended March 31,
	2020		2019
	(in thousands, except per share amounts)
Net income	$	602,753	$	268,631

Basic weighted-average common shares outstanding	259,815		255,695
Effect of potentially dilutive securities:
Stock options	1,868		2,585
Restricted stock and restricted stock units (including PSUs)	1,801		1,870
Employee stock purchase program	31		25
Diluted weighted-average common shares outstanding	263,515		260,175

Basic net income per common share	$	2.32	$	1.05
Diluted net income per common share	$	2.29	$	1.03

Potential gross common equivalent shares

The Company did not include the securities in the following table in the computation of the net income per common share because the effect would have been anti-dilutive during each period:



	Three Months Ended March 31,
	2020	2019
	(in thousands)
Stock options	879	2,837
Unvested restricted stock and restricted stock units (including PSUs)	430	6