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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings per Share

The following table summarizes the basic and diluted earnings per share calculations:

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands except per share amounts)

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

75,810

 

 

$

90,100

 

 

$

194,544

 

Effect of participating securities—share-based

   compensation awards

 

 

(1,333

)

 

 

(1,689

)

 

 

(1,830

)

Net income attributable to common shareholders

 

$

74,477

 

 

$

88,411

 

 

$

192,714

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

74,477

 

 

$

88,411

 

 

$

194,544

 

Interest on Exchangeable Notes, net of income taxes

 

 

8,719

 

 

 

8,468

 

 

 

8,456

 

Net income attributable to common diluted

   shareholders

 

$

83,196

 

 

$

96,879

 

 

$

203,000

 

Weighted-average basic shares outstanding

 

 

68,642

 

 

 

74,446

 

 

 

73,495

 

Dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Shares issuable under share-based compensation

   plan

 

 

 

 

 

423

 

 

 

298

 

Shares issuable pursuant to exchange of the

   Exchangeable Notes

 

 

8,467

 

 

 

8,467

 

 

 

8,418

 

Diluted weighted-average number of shares

   outstanding

 

 

77,109

 

 

 

83,336

 

 

 

82,211

 

Basic earnings per share

 

$

1.09

 

 

$

1.19

 

 

$

2.62

 

Diluted earnings per share

 

$

1.08

 

 

$

1.16

 

 

$

2.47

 

 

Summary of Potentially Dilutive Shares Excluded from Computation of Diluted Earnings Per Share

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands)

 

Shares issuable under share-based compensation

   awards

 

 

701

 

 

 

369

 

 

 

371