Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
(in thousands, except per share data)	2020			2019
Net income	$	152,400		$	113,896
Net income attributable to unvested awarded performance stock		(5,192	)		(3,201	)
Net income attributable to common shares	$	147,208		$	110,695
Weighted average number of common shares outstanding – basic		282,397			280,564
Less unvested awarded performance stock included in weighted    average number of common shares outstanding – basic		(9,621	)		(7,885	)
Weighted average number of common shares outstanding for basic    net income per common share		272,776			272,679
Dilutive effect of stock options		2,085			2,335
Weighted average number of shares outstanding – diluted		274,861			275,014
Net income per share:
Basic	$	0.54		$	0.41
Diluted	$	0.54		$	0.40