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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding
The following is a reconciliation between basic and diluted weighted average shares outstanding:
 
 
For the three months 
 ended June 30,
 
For the six months 
 ended June 30,
(in thousands, except per share data)
2015
 
2014
 
2015
 
2014
Net income
$
61,005

 
$
61,755

 
$
117,956

 
$
114,170

Net income attributable to unvested awarded performance stock
(1,439
)
 
(1,531
)
 
(2,802
)
 
(2,915
)
Net income attributable to common shares
$
59,566

 
$
60,224

 
$
115,154

 
$
111,255

Weighted average number of common shares outstanding – basic
140,839

 
144,840

 
141,803

 
145,133

Less unvested awarded performance stock included in weighted average number of common shares outstanding – basic
(3,321
)
 
(3,590
)
 
(3,369
)
 
(3,705
)
Weighted average number of common shares outstanding for basic earnings per common share
137,518

 
141,250

 
138,434

 
141,428

Dilutive effect of stock options
2,310

 
1,782

 
2,213

 
1,741

Weighted average number of shares outstanding – diluted
139,828

 
143,032

 
140,647

 
143,169

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.43

 
$
0.43

 
$
0.83

 
$
0.79

Diluted
$
0.43

 
$
0.42

 
$
0.82

 
$
0.78