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Net Income Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per ShareBasic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding, while diluted net income per share is computed by dividing net income attributable to common stockholders by the sum of the weighted-average number of common shares outstanding and the weighted-average number of dilutive potential common shares. Dilutive potential common shares relate to our share-based compensation arrangements. The calculation of basic and diluted net income per share is as follows.
Net income per share
|  | Three Months Ended March 31, |  |
(In thousands, except per-share amounts) |  | 2023 |  | 2022 |  |  |  |
Net income—basic and diluted |  | $ | 157,757 |  |  | $ | 181,131 |  |  |  |  |
Average common shares outstanding—basic |  | 158,304 |  |  | 176,816 |  |  |  |  |
Dilutive effect of share-based compensation arrangements (1) |  | 3,045 |  |  | 2,263 |  |  |  |  |
Adjusted average common shares outstanding—diluted |  | 161,349 |  |  | 179,079 |  |  |  |  |
Net income per share |  |  |  |  |  |  |  |
Basic |  | $ | 1.00 |  |  | $ | 1.02 |  |  |  |  |
Diluted |  | $ | 0.98 |  |  | $ | 1.01 |  |  |  |  |
The following number of shares of our common stock equivalents issued under our share-based compensation arrangements are not included in the calculation of diluted net income per share because they would be anti-dilutive.
|  | Three Months Ended March 31, |  |
(In thousands) |  | 2023 |  | 2022 |  |  |  |
Shares of common stock equivalents |  | 25 |  |  | — |  |  |  |  |

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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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