XML 30 R10.htm IDEA: XBRL DOCUMENT v3.19.3
Net Income Per Share (Notes)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Income Per Share   Net Income Per Share

The following table sets forth the computation of Net Income Per Share for the three-month and nine-month periods ended September 30, 2019 and 2018 (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator for Basic and Diluted Earnings Per Share -
 
 
 
 
 
 
 
Net Income
$
615,122

 
$
1,190,952

 
$
2,098,389

 
$
2,526,272

Denominator for Basic Earnings Per Share -
 

 
 

 
 

 
 

Weighted Average Shares
577,839

 
577,254

 
577,498

 
576,431

Potential Dilutive Common Shares -
 

 
 

 
 

 
 

Stock Options/SARs
203

 
1,432

 
371

 
1,317

Restricted Stock/Units and Performance Units
3,229

 
2,873

 
3,321

 
2,694

Denominator for Diluted Earnings Per Share -
 

 
 

 
 

 
 

Adjusted Diluted Weighted Average Shares
581,271

 
581,559

 
581,190

 
580,442

Net Income Per Share
 

 
 

 
 

 
 

Basic
$
1.06

 
$
2.06

 
$
3.63

 
$
4.38

Diluted
$
1.06

 
$
2.05

 
$
3.61

 
$
4.35



The diluted earnings per share calculation excludes stock options and SARs that were anti-dilutive. Shares underlying the excluded stock options and SARs were 6.8 million and 0.5 million shares for the three months ended September 30, 2019 and 2018, respectively, and were 6.2 million and 0.2 million shares for the nine months ended September 30, 2019 and 2018, respectively.