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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding

The following is a reconciliation between basic and diluted weighted average shares outstanding for the years ended December 31:

 

(in thousands, except per share data)

   2012     2011     2010  

Net income

   $ 184,045      $ 163,995      $ 161,752   

Net income attributable to unvested awarded performance stock

     (5,313     (5,099     (5,097
  

 

 

   

 

 

   

 

 

 

Net income attributable to common shares

   $ 178,732      $ 158,896      $ 156,655   
  

 

 

   

 

 

   

 

 

 

Weighted average basic number of common shares outstanding

     143,507        143,029        142,412   

Less unvested awarded performance stock included in weighted average basic share outstanding

     (4,143     (4,447     (4,488
  

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding for basic earnings per common share

     139,364        138,582        137,924   

Dilutive effect of stock options

     2,646        1,682        1,394   
  

 

 

   

 

 

   

 

 

 

Weighted average number of shares outstanding

     142,010        140,264        139,318   
  

 

 

   

 

 

   

 

 

 

Net income per share:

      

Basic

   $ 1.28      $ 1.15      $ 1.14   
  

 

 

   

 

 

   

 

 

 

Diluted

   $ 1.26      $ 1.13      $ 1.12