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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
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.

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 

(in thousands, except per share data)

   2015      2014      2015      2014  

Numerator:

           

Net income to common shareholders

   $ 34,829      $ 39,962      $ 74,988      $ 89,077   

Net income allocated to participating securities - basic and diluted

     766        819        1,701        1,900   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income allocated to common shareholders - basic and diluted

   $ 34,063      $ 39,143      $ 73,287      $ 87,177   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted-average common shares - basic

     77,951        81,933        78,719        82,099   

Dilutive potential common shares

     164        241        162        249   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average common shares - diluted

     78,115        82,174        78,881        82,348   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share:

           

Basic

   $ 0.44      $ 0.48      $ 0.93      $ 1.06   

Diluted

   $ 0.44      $ 0.48      $ 0.93      $ 1.06