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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Schedule of Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

 

For the Three Months Ended
March 31,

 

 

(in thousands, except per share amounts)

 

2014

 

 

2013

 

 

Numerator

 

 

 

 

 

 

 

 

Net income attributable to the Company

$

21,724

 

 

$

36,178

 

 

Less: dividends and undistributed earnings allocated to unvested restricted stock units (“RSUs”)

 

52

 

 

 

54

 

 

Net income allocated to common stockholders

$

21,672

 

 

$

36,124

 

 

Denominator

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

106,166

 

 

 

107,552

 

 

Effect of dilutive employee stock options and RSUs

 

2,110

 

 

 

2,441

 

 

Diluted weighted-average shares

 

108,276

 

 

 

109,993

 

 

Net income per share attributable to the Company’s stockholders

 

 

 

 

 

 

 

 

Basic

$

0.20

 

 

$

0.34

 

 

Diluted

$

0.20

 

 

$

0.33