Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Net income	$	837,270	$	267,427	$	1,440,023	$	536,058

Basic weighted-average common shares outstanding	259,637		256,154		260,013		255,941
Effect of potentially dilutive securities:
Stock options	2,054		2,225		1,961		2,405
Restricted stock and restricted stock units (including PSUs)	1,704		1,440		1,752		1,655
Employee stock purchase program	8		3		20		14
Diluted weighted-average common shares outstanding	263,403		259,822		263,746		260,015

Basic net income per common share	$	3.22	$	1.04	$	5.54	$	2.09
Diluted net income per common share	$	3.18	$	1.03	$	5.46	$	2.06

Schedule of 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 June 30,			Six Months Ended June 30,
	2020	2019	2020	2019
	(in thousands)
Stock options	7	3,207	443	3,022
Unvested restricted stock and restricted stock units (including PSUs)	5	3	218	4