XML 19 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share
The components of basic and diluted earnings per share were as follows for the three-month periods ended June 30, 2014 and 2013:
 
Three Months Ended June 30,
(In Thousands Except Share Data)
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
10,685

 
$
10,685

 
$
15,496

 
$
15,496

Weighted-average common shares outstanding
25,330,066

 
25,330,066

 
25,297,718

 
25,297,718

Add dilutive effect of restricted stock awards

 
114,313

 

 
59,849

Add dilutive effect of stock options

 
112,248

 

 
114,735

Weighted-average common shares
25,330,066

 
25,556,627

 
25,297,718

 
25,472,302

Earnings per common share
$
0.42

 
$
0.42

 
$
0.61

 
$
0.61

Awards excluded from diluted earnings per share calculation(1)

 
904,580

 

 
647,726

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.

The components of basic and diluted earnings per share were as follows for the six-month periods ended June 30, 2014 and 2013:
 
Six Months Ended June 30,
(In Thousands Except Share Data)
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
24,016

 
$
24,016

 
$
37,889

 
$
37,889

Weighted-average common shares outstanding
25,351,056

 
25,351,056

 
25,271,752

 
25,271,752

Add dilutive effect of restricted stock awards

 
114,313

 

 
59,849

Add dilutive effect of stock options

 
125,889

 

 
82,791

Weighted-average common shares
25,351,056

 
25,591,258

 
25,271,752

 
25,414,392

Earnings per common share
$
0.95

 
$
0.94

 
$
1.50

 
$
1.49

Awards excluded from diluted earnings per share calculation(1)

 
904,580

 

 
663,326

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.