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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
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)

   2013     2012     2011  

Net income

   $ 217,112      $ 184,045      $ 163,995   

Net income attributable to unvested awarded performance stock

     (5,446     (5,313     (5,099
  

 

 

   

 

 

   

 

 

 

Net income attributable to common shares

   $ 211,666      $ 178,732      $ 158,896   
  

 

 

   

 

 

   

 

 

 

Weighted average basic number of common shares outstanding

     144,662        143,507        143,029   

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

     (3,629     (4,143     (4,447
  

 

 

   

 

 

   

 

 

 

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

     141,033        139,364        138,582   

Dilutive effect of stock options

     1,591        2,646        1,682   
  

 

 

   

 

 

   

 

 

 

Weighted average number of shares outstanding

     142,624        142,010        140,264   
  

 

 

   

 

 

   

 

 

 

Net income per share:

      

Basic

   $ 1.50      $ 1.28      $ 1.15   
  

 

 

   

 

 

   

 

 

 

Diluted

   $ 1.48      $ 1.26      $ 1.13