| EARNINGS PER SHARE |
EARNINGS PER SHARE
Reconciliations of the components of basic and diluted net income per common share are presented in the tables below:
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Three months ended September 30, |
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2018 |
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2017 |
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Income |
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Shares |
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Per
Share
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|
Income |
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Shares |
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Per
Share
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(In thousands, except share data) |
Basic: |
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Net income |
$ |
95,150 |
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|
173,057,538 |
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$ |
0.55 |
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$ |
18,235 |
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182,957,416 |
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$ |
0.10 |
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Effect of dilutive securities: |
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Stock options and awards |
— |
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247,376 |
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— |
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|
51,020 |
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Diluted: |
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Net income |
$ |
95,150 |
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|
173,304,914 |
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$ |
0.55 |
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$ |
18,235 |
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183,008,436 |
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$ |
0.10 |
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Nine months ended September 30, |
|
2018 |
|
2017 |
|
Income |
|
Shares |
|
Per
Share |
|
Income |
|
Shares |
|
Per
Share |
|
(In thousands, except share data) |
Basic: |
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Net income |
$ |
296,559 |
|
|
175,776,312 |
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$ |
1.69 |
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$ |
278,626 |
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|
178,736,569 |
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$ |
1.56 |
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Effect of dilutive securities: |
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Stock options and awards |
— |
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|
664,149 |
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— |
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|
394,001 |
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Diluted: |
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Net income |
$ |
296,559 |
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|
176,440,461 |
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$ |
1.68 |
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$ |
278,626 |
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|
179,130,570 |
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$ |
1.56 |
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