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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2021
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:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands, except per share data)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income

 

$

139,290

 

 

$

96,784

 

 

$

339,033

 

 

$

249,184

 

Net income attributable to unvested awarded performance stock

 

 

(3,010

)

 

 

(3,580

)

 

 

(7,876

)

 

 

(8,855

)

Net income attributable to common shares

 

$

136,280

 

 

$

93,204

 

 

$

331,157

 

 

$

240,329

 

Weighted average number of common shares outstanding – basic

 

 

281,784

 

 

 

283,591

 

 

 

282,200

 

 

 

282,994

 

Less unvested awarded performance stock included in weighted

   average number of common shares outstanding – basic

 

 

(6,090

)

 

 

(10,491

)

 

 

(6,556

)

 

 

(10,056

)

Weighted average number of common shares outstanding for basic

   net income per common share

 

 

275,694

 

 

 

273,100

 

 

 

275,644

 

 

 

272,938

 

Dilutive effect of potentially issuable common shares

 

 

1,183

 

 

 

1,262

 

 

 

1,270

 

 

 

1,581

 

Weighted average number of shares outstanding – diluted

 

 

276,877

 

 

 

274,362

 

 

 

276,914

 

 

 

274,519

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.49

 

 

$

0.34

 

 

$

1.20

 

 

$

0.88

 

Diluted

 

$

0.49

 

 

$

0.34

 

 

$

1.20

 

 

$

0.88