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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Numerator for basic and diluted earnings
 
 
 
 
 
 
 
 
per share - net income (loss) attributable
 
 
 
 
 
 
 
 
to common stockholders
 
$
589,876

 
$
64,384

 
$
1,008,108

 
$
656,487

 
 
 
 
 
 
 
 
 
Denominator for basic earnings per
 
 
 
 
 
 
 
 
share - weighted average shares
 
405,023

 
373,023

 
400,441

 
372,052

Effect of dilutive securities:
 
 
 
 
 

 
 
Employee stock options
 

 
6

 

 
12

Non-vested restricted shares
 
757

 
348

 
860

 
464

Redeemable shares
 
1,096

 
1,096

 
1,096

 
1,096

Employee stock purchase program
 
15

 
14

 
15

 
14

Dilutive potential common shares
 
1,868

 
1,464

 
1,971

 
1,586

Denominator for diluted earnings per
 
 
 
 
 
 
 
 
share - adjusted weighted average shares
 
406,891

 
374,487

 
402,412

 
373,638

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
1.46

 
$
0.17

 
$
2.52

 
$
1.76

Diluted earnings per share
 
$
1.45

 
$
0.17

 
$
2.51

 
$
1.76