Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2019

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   March 31,
(in thousands)	2019			2018
Net income	$	76,289		$	49,991
Less distributed and undistributed earnings allocated to participating securities	(1,031		)	(585		)
Net income allocated to common shares	$	75,258		$	49,406
Weighted average common shares outstanding	40,508			41,224
Incremental shares from assumed LTIP awards and conversions of common stock options	142			493
Adjusted weighted average common shares outstanding	40,650			41,717