Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Reconciliation Income (Loss) from Continuing Operations, Income (Loss) from Discontinued Operations and Net Income (Loss) and Weighted Average Common Shares Outstanding for Calculating Basic Net Earnings (Loss) Per Share

The following is a reconciliation of the Company’s net income and weighted-average common shares outstanding for calculating basic earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
Basic	2014		2013		2014		2013
Net income	$	109,299	$	101,263	$	177,422	$	158,906
Less: Distributed earnings to common shareholders		55,647		49,913		105,775		49,922
Less: Distributed earnings to participating securities		17		22		32		22
Undistributed earnings		53,635		51,328		71,615		108,962
Undistributed earnings allocated to common shareholders		53,619		51,307		71,593		108,921
Undistributed earnings allocated to participating securities		16		21		22		41
Total income available to common shareholders, basic	$	109,266	$	101,220	$	177,368	$	158,843
Weighted-average common shares outstanding, basic		178,863		177,716		178,702		177,522
Basic net income per common share	$	0.61	$	0.57	$	0.99	$	0.89

Reconciliation of Income (Loss) from Continuing Operations, Income (Loss) from Discontinued Operations and Net Income (Loss) and Weighted Average Common Shares Outstanding for Calculating Diluted Earnings (Loss) Per Share

The following is a reconciliation of the Company’s net income and weighted-average common shares outstanding for calculating diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
Diluted	2014		2013		2014		2013
Total income available to common shareholders, basic	$	109,266	$	101,220	$	177,368	$	158,843
Undistributed earnings for participating securities		16		21		22		41
Total income available to common shareholders, diluted	$	109,282	$	101,241	$	177,390	$	158,884
Weighted-average common shares outstanding, basic		178,863		177,716		178,702		177,522
Common stock equivalents:
Restricted stock units		379		450		358		432
Stock options		449		742		451		760
Employee stock purchase plan		2		2		1		2
Weighted-average common shares outstanding, diluted		179,693		178,910		179,512		178,716
Diluted net income per common share	$	0.61	$	0.57	$	0.99	$	0.89

Potentially Dilutive Common Stock Equivalents Were Not Included in Earnings (Loss) Per Share Calculations Because They Were Anti-Dilutive

The following potentially dilutive common stock equivalents were not included in the earnings per share calculations because they were anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock options		346		342		490		342
Restricted stock units where certain performance     conditions were not met		80		149		80		149