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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Calculation of Both Basic and Diluted Earnings Per Common Share

The following table shows the calculation of both basic and diluted earnings per common share for the years ended December 31, 2013, 2012 and 2011:

 

     2013      2012      2011  
     (in thousands, except for share data)  

Net income

   $ 131,961       $ 143,627       $ 132,511   
  

 

 

    

 

 

    

 

 

 

Basic weighted-average number of common shares outstanding

     199,309,425         197,354,159         178,424,883   

Plus: Common stock equivalents

     —           213         1,187   
  

 

 

    

 

 

    

 

 

 

Diluted weighted-average number of common shares outstanding

     199,309,425         197,354,372         178,426,070   
  

 

 

    

 

 

    

 

 

 

Earnings per common share:

        

Basic

   $ 0.66       $ 0.73       $ 0.74   

Diluted

   $ 0.66       $ 0.73       $ 0.74