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Net Income per Common Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Net Income per Common Share | 4. Net Income per Common Share Net income per common share (“EPS”) is calculated in accordance with the Earnings per Share topic of the Codification, which requires the presentation of basic and diluted EPS. Basic EPS is computed using the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common shares. The table below presents the calculation of basic and diluted EPS (in thousands, except per share amounts):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 613,145 |  |  | $ | 85,932 |  |  | $ | 1,282,960 |  |  | $ | 173,623 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 204,268 |  |  |  | 116,731 |  |  |  | 205,976 |  |  |  | 116,542 |
Dilutive effect of options and RSUs |  |  | 1,362 |  |  |  | 1,295 |  |  |  | 1,537 |  |  |  | 1,148 |
Weighted average shares outstanding, diluted |  |  | 205,630 |  |  |  | 118,026 |  |  |  | 207,513 |  |  |  | 117,690 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 3.00 |  |  | $ | 0.74 |  |  | $ | 6.23 |  |  | $ | 1.49 |
Diluted |  | $ | 2.98 |  |  | $ | 0.73 |  |  | $ | 6.18 |  |  | $ | 1.48 |
Antidilutive and contingent RSUs excluded from diluted EPS |  | 220 |  |  | 299 |  |  | 241 |  |  | 389 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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