XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential outstanding shares of common stock during the period. Potential shares of common stock are calculated using the treasury-stock method and consist of incremental shares issuable upon the assumed exercise of stock options and vesting of time-based and performance-based restricted stock units. The computation of earnings per share is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
| (in thousands, except per share data)
Basic earnings per share: |  |  |  |  |  |  |
Net income | $ | 2,147,306 |  |  | $ | 1,487,610 |  |  | $ | 4,479,515 |  |  | $ | 2,792,730 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding | 430,065 |  |  | 443,881 |  |  | 431,078 |  |  | 444,559 |
Basic earnings per share | $ | 4.99 |  |  | $ | 3.35 |  |  | $ | 10.39 |  |  | $ | 6.28 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 2,147,306 |  |  | $ | 1,487,610 |  |  | $ | 4,479,515 |  |  | $ | 2,792,730 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding | 430,065 |  |  | 443,881 |  |  | 431,078 |  |  | 444,559 |
Effect of dilutive stock-based awards | 9,674 |  |  | 7,691 |  |  | 9,619 |  |  | 7,431 |
Weighted-average number of shares | 439,739 |  |  | 451,572 |  |  | 440,697 |  |  | 451,990 |
Diluted earnings per share | $ | 4.88 |  |  | $ | 3.29 |  |  | $ | 10.16 |  |  | $ | 6.18 |
The following table summarizes the potential shares of common stock excluded from the diluted calculation as their inclusion would have been anti-dilutive:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
| (in thousands)
Stock-based awards | 118 |  |  | 4,348 |  |  | 402 |  |  | 5,097 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration