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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding
     For the three months
ended September 30,
    For the nine months
ended September 30,
 
(in thousands, except per share data)    2012     2011     2012     2011  

Net income

   $ 49,504      $ 44,173      $ 141,408      $ 127,501   

Net income attributable to unvested awarded performance stock

     (1,428     (1,395     (4,174     (3,959
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to common shares

   $ 48,076      $ 42,778      $ 137,234      $ 123,542   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding – basic

     143,607        143,212        143,418        142,913   

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

     (4,142     (4,522     (4,233     (4,438
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     139,465        138,690        139,185        138,475   

Dilutive effect of stock options

     2,632        1,753        2,584        1,645   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

     142,097        140,443        141,769        140,120   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share:

        

Basic

   $ 0.34      $ 0.31      $ 0.99      $ 0.89   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

   $ 0.34      $ 0.30      $ 0.97      $ 0.88