Earnings Per Share

6 Months Ended

Jun. 30, 2019

Note 10 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2019		2018		2019		2018
Numerator
Net income attributable to the Company	$	186,655	$	155,140	$	296,230	$	231,367
Denominator
Basic weighted-average shares		113,050		112,556		112,881		112,406
Effect of dilutive employee stock options and restricted stock units (“RSUs”)		448		561		485		687
Diluted weighted-average shares		113,498		113,117		113,366		113,093
Net income per share attributable to the Company’s stockholders
Basic	$	1.65	$	1.38	$	2.62	$	2.06
Diluted	$	1.64	$	1.37	$	2.61	$	2.05

For the three and six months ended June 30, 2019, 2 thousand and 4 thousand RSUs, respectively, were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect. For the three and six months ended June 30, 2018, no RSUs were excluded due to their antidilutive effect on weighted-average diluted common shares outstanding. No stock options had an antidilutive effect on weighted-average diluted common shares outstanding for either period in the current or prior year.