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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
The following table reconciles earnings per common share:
 
For the Year Ended
 
December 31,
2016
 
December 31,
2015
 
December 31,
2014
 
(In thousands, except per share amounts)
Basic:
 
 
 
 
 
Net income
$
318,022

 
$
369,416

 
$
498,874

Less: Net income allocable to participating RSUs
(1,377
)
 
(3,179
)
 
(4,028
)
Net income available for basic common shares
$
316,645

 
$
366,237

 
$
494,846

Weighted average common shares outstanding
341,480

 
339,172

 
339,016

Basic net income per common share
$
0.93

 
$
1.08

 
$
1.46

Diluted:
 
 
 
 
 
Net income
$
318,022

 
$
369,416

 
$
498,874

Less: Net income allocable to participating RSUs
(1,377
)
 
(3,179
)
 
(4,028
)
Net income available for diluted common shares
$
316,645

 
$
366,237

 
$
494,846

Weighted average common shares outstanding
341,480

 
339,172

 
339,016

Weighted average common equivalent shares arising from:
 
 
 
 
 
Dilutive stock options and non-participating RSUs
2,753

 
576

 
1,752

Weighted average number of common and potential common shares
344,233

 
339,748

 
340,768

Diluted net income per common share
$
0.92

 
$
1.08

 
$
1.45