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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
The following table illustrates the earnings allocation method utilized in the calculation of basic and diluted earnings per share.
 
 
Three Months Ended
March 31,
(in thousands, except per-share amounts)
 
2016
 
2015
Earnings per share numerator:
 
 
 
 
Net income attributable to common shareholders before allocation of earnings to participating securities
 
$
61,931

 
$
63,947

Earnings allocated to participating securities
 
131

 
142

Net income attributable to common shareholders after allocation of earnings to participating securities
 
$
61,800

 
$
63,805

Earnings per share denominator:
 
 
 
 
Weighted-average number of shares of common stock outstanding - basic and diluted
 
11,839

 
12,413

Earnings per share - basic and diluted
 
$
5.22

 
$
5.14