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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Net Income Per Share
The calculation of net income per share for the three and six months ended June 30, 2017 and 2016 is reflected in the following table (in thousands, except per share amounts):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net income
$
80,316

 
$
91,616

 
$
158,837

 
$
175,032

Basic:
 
 
 
 
 
 
 
Weighted average shares
124,617

 
128,586

 
125,074

 
128,933

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Weighted average shares
124,617

 
128,586

 
125,074

 
128,933

Dilutive effect of potential common shares
487

 
743

 
684

 
800

Diluted weighted average shares
125,104

 
129,329

 
125,758

 
129,733

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
$
.64

 
$
.71

 
$
1.27

 
$
1.36

Diluted
$
.64

 
$
.71

 
$
1.26

 
$
1.35