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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per share on net income (in thousands, except per share information):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Earnings:
 
 
 
 
 
 
 
 
Net income (numerator for basic and diluted calculations)
 
$
262,765

 
$
301,199

 
$
634,970

 
$
605,803

Shares:
 
 
 
 
 
 
 
 
Weighted average outstanding shares (denominator for basic calculation)
 
62,666

 
63,279

 
62,701

 
63,941

Equivalent shares from outstanding stock options
 
1,123

 
1,017

 
1,218

 
1,189

Denominator for diluted calculation
 
63,789

 
64,296

 
63,919

 
65,130

Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
4.19

 
$
4.76

 
$
10.13

 
$
9.47

Diluted
 
$
4.12

 
$
4.68

 
$
9.93

 
$
9.30


Schedule Of Earnings Per Share Basic And Diluted By Common Class [Text Block] The following table presents approximate amounts of stock options and performance contingent shares excluded from the calculation of common equivalent shares (in thousands):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Excluded from common equivalent shares:
 
 
 
 
 
 
 
 
Stock options
 
139

 
227

 
416

 
349

Performance contingent shares
 
258

 
276

 
182

 
256