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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted

The calculation and reconciliation of basic and diluted earnings per share for the three and six months ended June 30 (in thousands, except per share data):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2013      2012      2013      2012  

Net income

   $ 73,099       $ 54,401       $ 137,761       $ 96,480   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic and diluted earnings per share:

           

Weighted-average shares outstanding

     81,111         82,430         80,912         82,054   

Share-based payment awards classified as participating securities

     462         864         486         875   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic earnings per share

     81,573         83,294         81,398         82,929   

Dilutive securities

     2,888         2,443         2,814         2,522   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted earnings per share

     84,461         85,737         84,212         85,451   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.90       $ 0.65       $ 1.69       $ 1.16   

Diluted earnings per share

   $ 0.87       $ 0.63       $ 1.64       $ 1.13