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Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30 (in thousands, except per share data):

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2014      2013      2014      2013  

Net income

    $ 88,549       $ 73,099       $ 163,658       $ 137,761   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for basic and diluted earnings per share:

            

Denominator for basic earnings per share

      82,996         81,573         82,867         81,398   

Dilutive securities

      2,821         2,888         2,890         2,814   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted earnings per share

      85,817         84,461         85,757         84,212   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 1.07       $ 0.90       $ 1.97       $ 1.69   

Diluted earnings per share

    $ 1.03       $ 0.87       $ 1.91       $ 1.64