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Net Income per Common Share | 6 Months Ended
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Jun. 30, 2022
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:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands, except per share amounts) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 987,209 |  |  | $ | 497,235 |  |  | $ | 1,626,850 |  |  | $ | 669,815 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 170,378 |  |  |  | 207,114 |  |  |  | 173,730 |  |  |  | 206,844 |
Dilutive effect of options and RSUs |  |  | 1,171 |  |  |  | 1,204 |  |  |  | 1,795 |  |  |  | 1,626 |
Weighted average shares outstanding, diluted |  |  | 171,549 |  |  |  | 208,318 |  |  |  | 175,525 |  |  |  | 208,470 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 5.79 |  |  | $ | 2.40 |  |  | $ | 9.36 |  |  | $ | 3.24 |
Diluted |  | $ | 5.75 |  |  | $ | 2.39 |  |  | $ | 9.27 |  |  | $ | 3.21 |
Antidilutive and contingent RSUs excluded from diluted EPS |  |  | 309 |  |  |  | 424 |  |  |  | 191 |  |  |  | 252 |

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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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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