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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

Note 8 – Earnings Per Share

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

 

Three Months Ended
September 30,

 

  

Nine Months Ended
September 30,

 

(in thousands, except per share amounts)

 

2015

 

  

2014

 

  

2015

 

  

2014

 

Numerator

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Net income attributable to the Company

$

75,542

  

  

$

80,705

  

  

$

206,520

  

  

$

153,023

  

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

 

68

  

  

 

189

  

  

 

230

  

  

 

361

  

Net income allocated to common stockholders

$

75,474

  

  

$

80,516

  

  

$

206,290

  

  

$

152,662

  

Denominator

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Basic weighted-average shares

 

108,647

  

  

 

107,136

  

  

 

108,284

  

  

 

106,727

  

Effect of dilutive employee stock options and RSUs

 

1,357

  

  

 

1,727

  

  

 

1,422

  

  

 

1,819

  

Diluted weighted-average shares

 

110,004

  

  

 

108,863

  

  

 

109,706

  

  

 

108,546

  

Net income per share attributable to the Company’s stockholders

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Basic

$

0.69

  

  

$

0.75

  

  

$

1.91

  

  

$

1.43

  

Diluted

$

0.69

  

  

$

0.74

  

  

$

1.88

  

  

$

1.41

  

 

RSUs excluded from weighted-average diluted common shares outstanding due to their antidilutive effect totaled 2 thousand and 1 thousand for the three and nine months ended September 30, 2015, respectively. Stock options and RSUs excluded from weighted-average diluted common shares outstanding due to their antidilutive effect for the three and nine months ended September 30, 2014 totaled 132 thousand and 133 thousand, respectively.