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

A summary of the information used in the computation of earnings per common share follows (in thousands, except per share amounts):

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2014     2013     2014     2013  

Numerator:

       

Net income to common shareholders

  $ 46,553      $ 33,202      $ 135,630      $ 128,640   

Net income allocated to participating securities - basic and diluted

    883        616        2,783        2,398   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income allocated to common shareholders - basic and diluted

  $ 45,670      $ 32,586      $ 132,847      $ 126,242   
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Weighted average common shares - basic

    81,721        82,091        81,965        83,404   

Dilutive potential common shares

    221        114        239        92   
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares - diluted

    81,942        82,205        82,204        83,496   
 

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per common share:

       

Basic

  $ 0.56      $ 0.40      $ 1.62      $ 1.51   

Diluted

  $ 0.56      $ 0.40      $ 1.62      $ 1.51