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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
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 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