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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Summary of the Basic and Diluted Earnings Per Share

The following is a summary of the basic and diluted earnings per share calculation for each of the following years (in thousands except share data):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Basic net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

9,096,778

 

 

$

7,559,436

 

 

$

4,991,744

 

Denominator – Average shares of common stock outstanding

 

 

9,328,236

 

 

 

8,538,970

 

 

 

8,456,386

 

Basic net income per share

 

$

0.98

 

 

$

0.89

 

 

$

0.59

 

Diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

9,096,778

 

 

$

7,559,436

 

 

$

4,991,744

 

Denominator – Average shares of common stock outstanding

 

 

9,328,236

 

 

 

8,538,970

 

 

 

8,456,386

 

Dilutive shares contingently issuable

 

 

1,883,790

 

 

 

1,842,925

 

 

 

1,824,658

 

Average diluted shares of common stock outstanding

 

 

11,212,026

 

 

 

10,381,895

 

 

 

10,281,044

 

Diluted net income per share

 

$

0.81

 

 

$

0.73

 

 

$

0.49