Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

The calculation of basic and diluted EPS was as follows:

	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
	(In thousands, except per-share amounts)
Basic EPS:
Numerator:
Net income	$	86,700		$	63,107		$	152,414		$	115,176
Income attributable to unvested participating securities		(483	)		(430	)		(917	)		(859	)
Net income used in calculating basic EPS	$	86,217		$	62,677		$	151,497		$	114,317
Denominator:
Weighted-average vested shares		44,066			45,984			44,401			46,142
Basic EPS	$	1.96		$	1.36		$	3.41		$	2.48

Diluted EPS:
Numerator:
Net income	$	86,700		$	63,107		$	152,414		$	115,176
Income attributable to unvested participating securities		(482	)		(430	)		(915	)		(857	)
Net income used in calculating diluted EPS	$	86,218		$	62,677		$	151,499		$	114,319
Denominator:
Weighted-average vested shares		44,066			45,984			44,401			46,142
Dilutive effect of incremental shares to be issued for contingently-issuable shares		141			87			128			80
Weighted-average shares used in calculating diluted EPS		44,207			46,071			44,529			46,222
Diluted EPS	$	1.95		$	1.36		$	3.40		$	2.47