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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding
 
For the three months 
 ended June 30,
 
For the six months 
 ended June 30,
(in thousands, except per share data)
2018
 
2017
 
2018
 
2017
Net income
$
73,922

 
$
66,102

 
$
164,750

 
$
136,212

Net income attributable to unvested awarded performance stock
(1,618
)
 
(1,642
)
 
(3,529
)
 
(3,329
)
Net income attributable to common shares
$
72,304

 
$
64,460

 
$
161,221

 
$
132,883

Weighted average number of common shares outstanding – basic
276,123

 
280,346

 
276,038

 
280,286

Less unvested awarded performance stock included in weighted average number of common shares outstanding – basic
(6,042
)
 
(6,962
)
 
(5,912
)
 
(6,850
)
Weighted average number of common shares outstanding for basic net income per common share
270,081

 
273,384

 
270,126

 
273,436

Dilutive effect of stock options
5,827

 
4,818

 
5,683

 
4,692

Weighted average number of shares outstanding – diluted
275,908

 
278,202

 
275,809

 
278,128

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.27

 
$
0.24

 
$
0.60

 
$
0.49

Diluted
$
0.26

 
$
0.23

 
$
0.58

 
$
0.48