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Earnings Per Share
6 Months Ended
Jun. 30, 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 June 30, 2018  
     Net Income
(Numerator)
     Weighted-
Average Shares
(Denominator)
     Per Share
Amount
 

Net income per basic common share

   $ 155,677        77,833      $ 2.00  

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

     —          605        (0.02
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 155,677        78,438      $ 1.98  
  

 

 

    

 

 

    

 

 

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

Net income per basic common share

   $ 131,822        79,979      $ 1.65  

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

     —          777        (0.02
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 131,822        80,756      $ 1.63  
  

 

 

    

 

 

    

 

 

 
     Six Months Ended June 30, 2018  
     Net Income
(Numerator)
     Weighted-
Average Shares
(Denominator)
     Per Share
Amount
 

Net income per basic common share

   $ 267,628        78,330      $ 3.42  

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

     —          711        (0.03
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 267,628        79,041      $ 3.39  
  

 

 

    

 

 

    

 

 

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

Net income per basic common share

   $ 237,379        80,029      $ 2.97  

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

     —          740        (0.03
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 237,379        80,769      $ 2.94  
  

 

 

    

 

 

    

 

 

 

For both the three and six months ended June 30, 2018, the Company had 0.1 million and stock options that were antidilutive due to having higher exercise prices than the Company’s average stock price during the period. For the three and six months ended July 1, 2017, the Company had 0.4 million and 0.5 million stock options that were antidilutive, respectively. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.