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Net Income Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six Months Ended June 30,
(In thousands, except per-share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net income—basic and diluted |  | $ | 151,903 |  |  | $ | 146,087 |  |  | $ | 304,257 |  |  | $ | 303,844 |
Average common shares outstanding—basic |  | 153,110 |  |  | 159,010 |  |  | 153,879 |  |  | 159,250 |
Dilutive effect of share-based compensation arrangements (1) |  | 1,289 |  |  | 1,734 |  |  | 1,392 |  |  | 1,879 |
Adjusted average common shares outstanding—diluted |  | 154,399 |  |  | 160,744 |  |  | 155,271 |  |  | 161,129 |
Net income per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.99 |  |  | $ | 0.92 |  |  | $ | 1.98 |  |  | $ | 1.91 |
Diluted |  | $ | 0.98 |  |  | $ | 0.91 |  |  | $ | 1.96 |  |  | $ | 1.89 |
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 June 30, |  | Six Months Ended June 30,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Shares of common stock equivalents |  | 64 |  |  | 112 |  |  | 39 |  |  | 86 |

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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 + Details
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