Net Income per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine Months Ended   September 30,
(in thousands)	2019			2018			2019			2018
Net income	$	25,859		$	36,207		$	130,704		$	110,758
Less distributed and undistributed earnings allocated to participating securities	(284		)	(503		)	(1,546		)	(1,546		)
Net income allocated to common shares	$	25,575		$	35,704		$	129,158		$	109,212
Weighted average common shares outstanding	40,168			41,330			40,481			41,311
Incremental shares from assumed LTIP awards and conversions of common stock options	149			218			143			283
Adjusted weighted average common shares outstanding	40,317			41,548			40,624			41,594