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Earnings Per Share ("EPS")
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share (EPS)
EARNINGS PER SHARE (“EPS”)
 
Basic EPS is computed based on the weighted average number of shares outstanding during each period. Diluted EPS is computed using the weighted average common shares and all potential dilutive common shares outstanding during the period. The share and per share amounts for 2017 have been restated to reflect the effect of the two-for-one stock split during February 2018.
 
Following is the computation of earnings per share for the three and six months ended June 30, 2018 and 2017:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In thousands, except per share data)
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Net income
$
53,562

 
$
23,065

 
$
104,874

 
$
45,185

 
 
 
 
 
 
 
 
Average common shares outstanding
92,264

 
63,633

 
92,223

 
63,170

Average potential dilutive common shares
469

 
418

 
469

 
418

Average diluted common shares
92,733

 
64,051

 
92,692


63,588

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.58

 
$
0.36

 
$
1.14

 
$
0.72

Diluted earnings per share
$
0.58

 
$
0.36

 
$
1.13

 
$
0.71

    
 There were no stock options excluded from the earnings per share calculation due to the related exercise price exceeding the average market price for the three and six months ended June 30, 2018 and 2017.