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

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

38,169

 

 

$

40,501

 

 

$

93,357

 

 

$

89,045

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted average shares

 

38,450

 

 

 

39,468

 

 

 

38,817

 

 

 

39,732

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options and restricted units

 

434

 

 

 

563

 

 

 

427

 

 

 

599

 

Denominator for diluted earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted weighted average shares and the effect of dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

securities

 

38,884

 

 

 

40,031

 

 

 

39,244

 

 

 

40,331

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

$

0.99

 

 

$

1.03

 

 

$

2.41

 

 

$

2.24

 

Net income per share - diluted

$

0.98

 

 

$

1.01

 

 

$

2.38

 

 

$

2.21