| 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 June 30, |
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2019 |
|
2018 |
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Income |
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Shares |
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Per
Share
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|
Income |
|
Shares |
|
Per
Share
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(In thousands, except share data) |
Basic: |
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Net income |
$ |
234,956 |
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|
159,324,909 |
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|
$ |
1.47 |
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|
$ |
111,319 |
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|
173,623,630 |
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$ |
0.64 |
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Effect of dilutive securities: |
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|
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Stock options and awards |
— |
|
|
181,917 |
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|
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— |
|
|
516,997 |
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Diluted: |
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Net income |
$ |
234,956 |
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|
159,506,826 |
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$ |
1.47 |
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|
$ |
111,319 |
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|
174,140,627 |
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$ |
0.64 |
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Six months ended June 30, |
|
2019 |
|
2018 |
|
Income |
|
Shares |
|
Per
Share |
|
Income |
|
Shares |
|
Per
Share |
|
(In thousands, except share data) |
Basic: |
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Net income |
$ |
297,198 |
|
|
161,064,787 |
|
|
$ |
1.85 |
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|
$ |
201,409 |
|
|
177,158,230 |
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|
$ |
1.14 |
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Effect of dilutive securities: |
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|
|
|
|
|
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Stock options and awards |
— |
|
|
525,300 |
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|
|
|
— |
|
|
579,052 |
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Diluted: |
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Net income |
$ |
297,198 |
|
|
161,590,087 |
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|
$ |
1.84 |
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|
$ |
201,409 |
|
|
177,737,282 |
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|
$ |
1.13 |
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