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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The following table presents the computation of basic and diluted EPS:

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

 

2017

 

 

2016

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

Net income

 

$

72,951

 

 

$

60,367

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

90,708

 

 

 

99,425

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 

916

 

 

 

573

 

 

Diluted weighted average common shares outstanding

 

 

91,624

 

 

 

99,998

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per basic common share

 

$

0.80

 

 

$

0.61

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per diluted common share

 

$

0.80

 

 

$

0.60