PER SHARE INFORMATION:
The amounts used to compute basic and diluted earnings per share attributable to common stock consisted of the following (in thousands):
 Year Ended December 31,
 202520242023
Amounts attributable to common stock:   
Net income attributable to common stock$1,028,378 $904,824 $744,689 
Weighted average shares:   
Weighted average shares outstanding for basic earnings per share attributable to common stock148,790 146,929 145,222 
Effect of dilutive unvested non-participating stock-based awards2,501 3,127 3,601 
Weighted average shares outstanding for diluted earnings per share attributable to common stock151,291 150,056 148,823 
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About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.