Earnings Per Share (Notes)

3 Months Ended

Mar. 31, 2017

Basic earnings per common share (EPS) excludes dilution and is computed by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common shares that then shared in our earnings.

A reconciliation of the numerators and denominators of the basic and diluted EPS computations is presented below:



	Three Months Ended
	March 31,
	2017		2016
	(In thousands, except per share amounts)
Amounts attributable to common stockholders:
Net income:
Net income — basic	$	174,702	$	47,445
After tax interest on convertible debt	12		12
Net income — diluted	$	174,714	$	47,457
Weighted average shares (denominator):
Weighted average shares — basic	188,260		194,924
Stock options	4,425		2,985
Restricted stock units	61		—
Convertible debt	121		121
Weighted average shares — diluted	192,867		198,030
Net income per share:
Basic	$	0.93	$	0.24
Diluted	$	0.91	$	0.24