Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Summary of the net income allocated to common shares and the basic and diluted shares used in the net income per share computations

The following table summarizes the net income allocated to common shares and the basic and diluted shares used in the net income per share computations:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2018			2017			2018			2017
Net income	$	36,207		$	19,202		$	110,758		$	68,848
Less distributed and undistributed earnings allocated to participating securities	(503		)	(337		)	(1,546		)	(1,233		)
Net income allocated to common shares	$	35,704		$	18,865		$	109,212		$	67,615
Weighted average common shares outstanding	41,330			40,946			41,311			41,110
Incremental shares from assumed LTIP awards and conversions of common stock options	218			296			283			238
Adjusted weighted average common shares outstanding	41,548			41,242			41,594			41,348