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Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Net Income Per Share, Basic and Diluted

The calculation of basic and diluted net income per share is as follows.

Net income per share
						Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands, except per-share amounts)						2023						2022						2023						2022
Net income—basic and diluted						$	156,582					$	198,280					$	460,426					$	580,604
Average common shares outstanding—basic						158,461						162,506						158,992						171,116
Dilutive effect of share-based compensation arrangements (1)						1,686						2,232						1,877						2,502
Adjusted average common shares outstanding—diluted						160,147						164,738						160,869						173,618
Net income per share
Basic						$	0.99					$	1.22					$	2.90					$	3.39
Diluted						$	0.98					$	1.20					$	2.86					$	3.34

Schedule of Antidilutive Securities

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 their effect would be anti-dilutive.

						Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)						2023						2022						2023						2022
Shares of common stock equivalents						—						—						100						—

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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