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Earnings Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
9 Earnings Per Share

Basic and diluted EPS calculations are detailed as follows (in thousands, except per share data):

 

     Three Months Ended March 31, 2018  
     Net Income
(Numerator)
     Weighted-
Average Shares
(Denominator)
     Per Share
Amount
 

Net income per basic common share

   $ 111,951        78,883      $ 1.42  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          832        (0.02
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 111,951        79,715      $ 1.40  
  

 

 

    

 

 

    

 

 

 

 

     Three Months Ended April 1, 2017  
     Net Income
(Numerator)
     Weighted-
Average Shares
(Denominator)
     Per Share
Amount
 

Net income per basic common share

   $ 105,557        80,073      $ 1.32  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          696        (0.01
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 105,557        80,769      $ 1.31  
  

 

 

    

 

 

    

 

 

 

For the three months ended March 31, 2018 and April 1, 2017, the Company had 0.3 million and 1.1 million stock options that were antidilutive, respectively, due to having higher exercise prices than the Company’s average stock price during the period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.