Earnings Per Share

9 Months Ended

Sep. 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	$	175,795	296,202	$	0.59	$	356,676	305,759	$	1.17
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		2,512			—		2,607
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	175,795	298,714	$	0.59	$	356,676	308,366	$	1.16

For the three months ended September 30, 2021 and September 30, 2020, options to purchase 0.3 million and 3.9 million shares of common stock at per share prices ranging from $52.32 to $76.49 and $55.24 to $76.49, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.


	Nine 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	$	380,754	300,526	$	1.27	$	638,583	306,759	$	2.08
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		2,897			—		2,365
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	380,754	303,423	$	1.25	$	638,583	309,124	$	2.07

For the nine months ended September 30, 2021 and September 30, 2020, options to purchase 0.4 million and 4.4 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.