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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2015
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) follows:

 

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2015      2014      2015      2014  

Net income

   $ 116,770       $ 95,509       $ 309,601       $ 259,167   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic and diluted earnings per share:

           

Denominator for basic earnings per share

     92,110         83,611         91,923         83,118   

Dilutive securities

     2,047         2,523         2,146         2,570   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted earnings per share

     94,157         86,134         94,069         85,688   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 1.27       $ 1.14       $ 3.37       $ 3.12   

Diluted earnings per share

   $ 1.24       $ 1.11       $ 3.29       $ 3.02