Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Net Income Per Share, Basic and Diluted

The calculation of basic and diluted net income per share is as follows.

Net income per share
	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per-share amounts)	2022		2021		2022		2021
Net income—basic and diluted	$	198,280	$	126,412	$	580,604	$	407,226
Average common shares outstanding—basic	162,506		186,741		171,116		191,357
Dilutive effect of share-based compensation arrangements	2,232		1,301		2,502		1,545
Adjusted average common shares outstanding—diluted	164,738		188,042		173,618		192,902
Net income per share
Basic	$	1.22	$	0.68	$	3.39	$	2.13
Diluted	$	1.20	$	0.67	$	3.34	$	2.11