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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per common share
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
Three Months Ended March 31,
 
2016
 
2015
 
(in thousands, except per share amounts)
Numerator
 
 
 
Net income
$
61,920

 
$
69,002

Denominator
 
 
 
Weighted-average shares outstanding, basic
71,572

 
73,054

Effect of dilutive stock awards
204

 
316

Adjusted weighted-average shares outstanding, diluted
71,777

 
73,370

Net income per share
 
 
 
Basic earnings per common share
$
0.87

 
$
0.94

Diluted earnings per common share
$
0.86

 
$
0.94

 
 
 
 
Anti-dilutive weighted-average shares
85


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