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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
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.
 
 
Third Quarter Ended
September 30,
 
Nine Months Ended
September 30,
(in thousands, except per-share amounts)
 
2018
 
2017
 
2018
 
2017
Earnings per share numerator:
 
 
 
 
 
 
 
 
Net income attributable to common shareholders before allocation of earnings to participating securities
 
$
58,481

 
$
59,772

 
$
171,931

 
$
186,437

Earnings allocated to participating securities
 
121

 
118

 
340

 
370

Net income attributable to common shareholders after allocation of earnings to participating securities
 
$
58,360

 
$
59,654

 
$
171,591

 
$
186,067

Earnings per share denominator:
 
 
 
 
 
 
 
 
Weighted-average number of shares of common stock outstanding - basic and diluted
 
11,409

 
11,829

 
11,606

 
11,829

Earnings per share - basic and diluted
 
$
5.12

 
$
5.04

 
$
14.78

 
$
15.73