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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Earnings Per Share
The computation of earnings per share is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
2018
 
June 30,
2017
 
June 30,
2018
 
June 30,
2017
 
(in thousands, except per share data)
Basic earnings per share:
 
 
 
 
 
 
 
Net income
$
384,349

 
$
65,600

 
$
674,473

 
$
243,822

Shares used in computation:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
435,097

 
431,396

 
434,638

 
431,000

Basic earnings per share
$
0.88

 
$
0.15

 
$
1.55

 
$
0.57

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
384,349

 
$
65,600

 
$
674,473

 
$
243,822

Shares used in computation:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
435,097

 
431,396

 
434,638

 
431,000

Employee stock options
16,455

 
14,866

 
16,320

 
14,862

Weighted-average number of shares
451,552

 
446,262

 
450,958

 
445,862

Diluted earnings per share
$
0.85

 
$
0.15

 
$
1.50

 
$
0.55