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Net Income per Common Share (Tables)
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles net income allocated to common stockholders and the number of shares used to calculate the basic and diluted net income per common share for the three months ended June 30, 2014 and 2013:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except per share amounts)
 
2014
 
2013
 
2014
 
2013
Basic EPS Numerator:
 
 
 
 
 
 
 
 
Net Income
 
$
42,981

 
$
46,161

 
$
92,005

 
$
88,533

Less: Earnings allocated to participating securities
 
(383
)
 
(684
)
 
(879
)
 
(1,268
)
Net Income allocated to common stockholders
 
$
42,598

 
$
45,477

 
$
91,126

 
$
87,265

Basic EPS Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
85,831

 
87,341

 
86,140

 
87,307

Basic net income per common share
 
$
0.50

 
$
0.52

 
$
1.06

 
$
1.00

 
 
 
 
 
 
 
 
 
Diluted EPS Numerator:
 
 
 
 
 
 
 
 
Net Income
 
$
42,981

 
$
46,161

 
$
92,005

 
$
88,533

Less: Earnings allocated to participating securities
 
(383
)
 
(684
)
 
(879
)
 
(1,268
)
Net Income allocated to common stockholders
 
$
42,598

 
$
45,477

 
$
91,126

 
$
87,265

Diluted EPS Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
85,831

 
87,341

 
86,140

 
87,307

Dilutive common shares issued under restricted stock program
 
—

 
—

 
—

 
—

Diluted net income per common share
 
$
0.50

 
$
0.52

 
$
1.06

 
$
1.00


For the six months ended June 30, 2014, 421,928 shares of restricted stock were not included in the computation of diluted net income per common share because to do so would have an anti-dilutive effect.