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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Computation of earnings per share and reconciliation of basic and diluted weighted average common shares outstanding
The table below presents the computation of EPS, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except EPS):

 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2014
 
2013
 
2014
 
2013
Net income
 
$
73,863

 
$
66,533

 
$
78,051

 
$
69,973

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
44,769

 
46,659

 
44,972

 
46,523

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options and employee stock purchase plan
 
1,202

 
1,223

 
1,188

 
1,235

Diluted
 
45,971

 
47,882

 
46,160

 
47,758

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
1.65

 
$
1.43

 
$
1.74

 
$
1.50

Diluted
 
$
1.61

 
$
1.39

 
$
1.69

 
$
1.47

 
 
 
 
 
 
 
 
 
Anti-dilutive stock options excluded from diluted earnings per share computations
 

 

 
169

 
1