Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

9. Earnings Per Share

The Company reports basic and diluted earnings per share. Basic earnings per share is computed by dividing net income attributable to shareholders of the Company by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share reflect the potential dilution related to equity-based incentives using the if-converted and treasury stock method.

The calculation and reconciliation of basic and diluted earnings per share for the three months ended March 31 (in thousands, except per share data):

	Three Months Ended March 31,
	2014		2013
Net income	$	75,109	$	64,662
Denominator for basic earnings per share		82,737		81,222
Dilutive securities		2,958		2,738
Denominator for diluted earnings per share		85,695		83,960
Basic earnings per share	$	0.91	$	0.80
Diluted earnings per share	$	0.88	$	0.77