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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares Outstanding Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods:

 

     Three Months Ended
March 31,
 
     2014     2013  

Income (numerator):

    

Basic:

    

Net income

   $ 25,943      $ 40,758   

Net income attributable to participating securities

     (537     (770
  

 

 

   

 

 

 

Net income attributable to common stock — basic

   $ 25,406      $ 39,988   
  

 

 

   

 

 

 

Diluted:

    

Net income

   $ 25,943      $ 40,758   

Net income attributable to participating securities

     (537     (770
  

 

 

   

 

 

 

Net income attributable to common stock — diluted

   $ 25,406      $ 39,988   
  

 

 

   

 

 

 

Weighted average shares (denominator):

    

Weighted average shares — basic

     49,013        48,619   

Dilutive effect of stock options

     49        38   
  

 

 

   

 

 

 

Weighted average shares — diluted

     49,062        48,657   
  

 

 

   

 

 

 

Basic earnings per share

   $ 0.52      $ 0.82   
  

 

 

   

 

 

 

Diluted earnings per share

   $ 0.52      $ 0.82