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Net Income Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
The Company's basic net income per share amounts have been computed by dividing net income by the weighted average number of shares of Common Stock and Class A Stock outstanding. Net income per share is presented on a combined basis, inclusive of Common Stock and Class A Stock outstanding, as each class of stock has equivalent economic rights. Diluted net income per share includes the potential dilutive effect of other securities as if such securities were converted or exercised during the period, when the effect is dilutive. The calculations of basic and diluted net income per share are as follows:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2018
 
2017
 
2018
 
2017
Net income - basic and diluted
 
$
594,655

 
$
388,317

 
$
1,624,047

 
$
1,024,992

 
 
 
 
 
 
 
 
 
(Shares in thousands)
 
 
 
 
 
 
 
 
Weighted average shares - basic
 
108,033

 
106,706

 
107,828

 
106,108

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options
 
7,027

 
9,809

 
6,999

 
9,386

Restricted stock
 
28

 
513

 
16

 
500

Dilutive potential shares
 
7,055

 
10,322

 
7,015

 
9,886

Weighted average shares - diluted
 
115,088

 
117,028

 
114,843

 
115,994

 
 
 
 
 
 
 
 
 
Net income per share - basic
 
$
5.50

 
$
3.64

 
$
15.06

 
$
9.66

Net income per share - diluted
 
$
5.17

 
$
3.32

 
$
14.14

 
$
8.84


Shares which have been excluded from diluted per share amounts because their effect would have been antidilutive include the following:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(Shares in thousands)
 
2018
 
2017
 
2018
 
2017
Stock options
 
14,446

 
4,515

 
14,821

 
8,892

Restricted stock
 

 

 
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