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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2013
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)    2013     2012     2013     2012  

Net income

   $ 52,007      $ 42,471      $ 112,138      $ 91,904   

Net income attributable to unvested awarded performance stock

     (1,157     (1,248     (2,467     (2,744
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to common shares

   $ 50,850      $ 41,223      $ 109,671      $ 89,160   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding – basic

     144,041        143,298        143,984        143,323   

Less unvested awarded performance stock included in weighted average number of common shares outstanding – basic

     (3,205     (4,212     (3,168     (4,279
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     140,836        139,086        140,816        139,044   

Dilutive effect of stock options

     2,185        2,742        2,122        2,620   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

     143,021        141,828        142,938        141,664   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share:

        

Basic

   $ 0.36      $ 0.30      $ 0.78      $ 0.64   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

   $ 0.36      $ 0.29      $ 0.77      $ 0.63