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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding

The following is a reconciliation between basic and diluted weighted average shares outstanding:

 

     For the three months
ended March 31,
 
(in thousands, except per share data)    2013     2012  

Net income

   $ 60,131      $ 49,433   

Net income attributable to unvested awarded performance stock

     (1,308     (1,499
  

 

 

   

 

 

 

Net income attributable to common shares

   $ 58,823      $ 47,934   
  

 

 

   

 

 

 

Weighted average number of common shares outstanding – basic

     143,926        143,347   

Less unvested awarded performance stock included in weighted average number of common shares outstanding – basic

     (3,130     (4,346
  

 

 

   

 

 

 

Weighted average number of common shares outstanding for basic earnings per common share

     140,796        139,001   

Dilutive effect of stock options

     2,151        2,499   
  

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

     142,947        141,500   
  

 

 

   

 

 

 

Net income per share:

    

Basic

   $ 0.42      $ 0.34   
  

 

 

   

 

 

 

Diluted

   $ 0.41      $ 0.34