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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [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 years ended December 31:

 

(in thousands, except per share data)

   2014      2013      2012  

Net income

   $ 206,896       $ 217,112       $ 184,045   

Net income attributable to unvested awarded performance stock

     (5,186      (5,446      (5,313
  

 

 

    

 

 

    

 

 

 

Net income attributable to common shares

$ 201,710    $ 211,666    $ 178,732   
  

 

 

    

 

 

    

 

 

 

Weighted average basic number of common shares outstanding

  144,568      144,662      143,507   

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

  (3,624   (3,629   (4,143
  

 

 

    

 

 

    

 

 

 

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

  140,944      141,033      139,364   

Dilutive effect of stock options

  1,947      1,591      2,646   
  

 

 

    

 

 

    

 

 

 

Weighted average number of shares outstanding

  142,891      142,624      142,010   
  

 

 

    

 

 

    

 

 

 

Net income per share:

Basic

$ 1.43    $ 1.50    $ 1.28   
  

 

 

    

 

 

    

 

 

 

Diluted

$ 1.41    $ 1.48    $ 1.26