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Earnings Per Share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands, except per share amounts)

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

Net income attributable to the Company

$

109,575

 

 

$

76,227

 

Denominator

 

 

 

 

 

 

 

Basic weighted-average shares

 

112,703

 

 

 

112,232

 

Effect of dilutive employee stock options and
restricted stock units (“RSUs”)

 

521

 

 

 

803

 

Diluted weighted-average shares

 

113,224

 

 

 

113,035

 

Net income per share attributable to the Company’s stockholders

 

 

 

 

 

 

 

Basic

$

0.97

 

 

$

0.68

 

Diluted

$

0.97

 

 

$

0.67

 

 

For the three months ended March 31, 2019, 301 thousand RSUs were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect.  For the three months ended March 31, 2018, no RSUs were excluded due to their antidilutive effect on weighted-average diluted common shares outstanding. No stock options had an antidilutive effect on weighted-average diluted common shares outstanding in the current or prior year.