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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2014
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)    2014     2013  

Net income

   $ 52,415      $ 60,131   

Net income attributable to unvested awarded performance stock

     (1,376     (1,308
  

 

 

   

 

 

 

Net income attributable to common shares

   $ 51,039      $ 58,823   
  

 

 

   

 

 

 

Weighted average number of common shares outstanding – basic

     145,429        143,926   

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

     (3,819     (3,130
  

 

 

   

 

 

 

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

     141,610        140,796   

Dilutive effect of stock options

     1,699        2,151   
  

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

     143,309        142,947   
  

 

 

   

 

 

 

Net income per share:

    

Basic

   $ 0.36      $ 0.42   
  

 

 

   

 

 

 

Diluted

   $ 0.36      $ 0.41