Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Numerator
Net income attributable to the Company	$	107,320	$	75,542	$	261,970	$	206,520
Less: dividends and undistributed earnings allocated to unvested restricted stock units (“RSUs”)		—		68		—		230
Net income allocated to common stockholders	$	107,320	$	75,474	$	261,970	$	206,290
Denominator
Basic weighted-average shares		110,571		108,647		110,423		108,284
Effect of dilutive employee stock options and RSUs		680		1,357		583		1,422
Diluted weighted-average shares		111,251		110,004		111,006		109,706
Net income per share attributable to the Company’s stockholders
Basic	$	0.97	$	0.69	$	2.37	$	1.91
Diluted	$	0.96	$	0.69	$	2.36	$	1.88