Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Common Share

4. EARNINGS PER COMMON SHARE

Basic and diluted earnings per common share (“EPS”) amounts are presented on the face of the accompanying Condensed Consolidated Statements of Income (the “Income Statement” or “Income Statements”).

The amounts attributed to both common stock and participating restricted common stock used as the numerators in both the basic and diluted EPS calculations are as follows(in thousands):

	Quarter Ended June30,				Six Months Ended June30,
	2013		2012		2013		2012
Net Income attributed to:
Common stock	$	12,072	$	11,870	$	26,970	$	23,651
Participating restricted common stock		—		—		—		25
Total	$	12,072	$	11,870	$	26,970	$	23,676

The weighted-average shares outstanding used in the basic and diluted EPS denominators related to common stock and participating restricted common stock are as follows (in thousands):

	Quarter Ended June30,				Six Months Ended June 30,
	2013		2012		2013		2012
Weighted-average shares outstanding – Basic:
Common stock		32,125		32,194		32,129		32,293
Participating restricted common stock		—		1		—		34
Total		32,125		32,195		32,129		32,327
Weighted-average shares outstanding – Diluted:
Common stock		32,439		32,309		32,483		32,435
Participating restricted common stock		—		1		—		34
Total		32,439		32,310		32,483		32,469

The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (inthousands):

	Quarter Ended June 30,				Six Months Ended June30,
	2013		2012		2013		2012
Basic weighted-average common shares		32,125		32,194		32,129		32,293
Dilutive effect of common stock options		—		9		2		12
Dilutive effect of non-participating restricted common stock		314		106		352		130
Dilutive effect of 2010 Convertible Notes		—		—		—		—
Diluted weighted-average common shares		32,439		32,309		32,483		32,435

Potentially dilutive common shares related to stock options and non-participating unvested shares of restricted common stock for the second quarters of 2013 and 2012 ofzero and0.6million, respectively, and for the six months ended June 30, 2013 and 2012 of zero and 0.5 million, respectively, were excluded from the computation of diluted EPS related to common shares as their effect was antidilutive.

The 2010 Convertible Notes have a dilutive effect only in those quarterly periods in which our average stock price exceeds the current effective conversion price of $24.28 per share.