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Earnings Per Share
 9 Months Ended
Sep. 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 nine months ended September 30 (in thousands, except per share data):

 

     Three Months Ended
September 30,		      Nine months Ended
September 30,		  
     2014      2013      2014      2013  

Net income

    $ 95,509       $ 78,620       $ 259,167       $ 216,381   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for basic and diluted earnings per share:

            

Denominator for basic earnings per share

      83,611         81,974         83,118         81,592   

Dilutive securities

      2,523         2,931         2,570         2,854   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted earnings per share

      86,134         84,905         85,688         84,446   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 1.14       $ 0.96       $ 3.12       $ 2.65   

Diluted earnings per share

    $ 1.11       $ 0.93       $ 3.02       $ 2.56