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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

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

 

 

For the Three Months Ended
September 30,

 

  

For the Nine Months Ended
September 30,

 

(in thousands, except per share amounts)

 

2014

 

  

2013

 

  

2014

 

  

2013

 

Numerator

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Net income attributable to the Company

$

80,705

  

  

$

63,890

  

  

$

153,023

  

  

$

134,740

  

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

 

189

  

  

 

103

  

  

 

361

  

  

 

208

  

Net income allocated to common stockholders

$

80,516

  

  

$

63,787

  

  

$

152,662

  

  

$

134,532

  

Denominator

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Basic weighted-average shares

 

107,136

  

  

 

106,437

  

  

 

106,727

  

  

 

107,400

  

Effect of dilutive employee stock options and RSUs

 

1,727

  

  

 

2,000

  

  

 

1,819

  

  

 

2,090

  

Diluted weighted-average shares

 

108,863

  

  

 

108,437

  

  

 

108,546

  

  

 

109,490

  

Net income per share attributable to the Company’s stockholders

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Basic

$

0.75

  

  

$

0.60

  

  

$

1.43

  

  

$

1.25

  

Diluted

$

0.74

  

  

$

0.59

  

  

$

1.41

  

  

$

1.23