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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