Earnings Per Share

6 Months Ended

Jun. 30, 2021

A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows:


	Three Months Ended
	2021					2020
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount

Basic earnings per share:
Income available to common shareholders	$	32,707	300,737	$	0.11	$	134,748	304,776	$	0.44
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		2,854			—		1,941
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	32,707	303,591	$	0.11	$	134,748	306,717	$	0.44

For the three months ended June 30, 2021 and June 30, 2020, options to purchase 0.4 million and 6.0 million shares of common stock at per share prices ranging from $52.32 to $76.49 and $52.32 to $76.49, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.


	Six Months Ended
	2021					2020
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount

Basic earnings per share:
Income available to common shareholders	$	204,959	302,723	$	0.68	$	281,907	307,256	$	0.92
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		3,079			—		2,264
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	204,959	305,802	$	0.67	$	281,907	309,520	$	0.91

For the six months ended June 30, 2021 and June 30, 2020, options to purchase 0.5 million and 4.5 million shares of common stock at per share prices ranging from $52.32 to $76.49 and $52.32 to $76.49, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.