Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

14. 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. There were no anti-dilutive securities in 2014, 2013 and 2012. The calculation and reconciliation of basic and diluted earnings per share for the years ended December 31 (in thousands, except per share data):

	2014		2013		2012
Net income	$	368,707	$	284,501	$	216,199
Denominator for basic earnings per share		84,317		81,793		83,328
Dilutive securities		2,665		2,862		2,408
Denominator for diluted earnings per share		86,982		84,655		85,736
Basic earnings per share	$	4.37	$	3.48	$	2.59
Diluted earnings per share		4.24		3.36		2.52

Basic shares includes the impact of share-based payment awards classified as participating securities, which are not material to the calculation of basic shares. There were no antidilutive shares for 2014, 2013 or 2012.