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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 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 September 30, 2014 and 2013:
 
Three Months Ended September 30,
(In Thousands Except Share Data)
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
325

 
$
325

 
$
11,725

 
$
11,725

Weighted-average common shares outstanding
25,188,381

 
25,188,381

 
25,359,196

 
25,359,196

Add dilutive effect of restricted stock awards

 
114,313

 

 
59,849

Add dilutive effect of stock options

 
101,655

 

 
152,576

Weighted-average common shares
25,188,381

 
25,404,349

 
25,359,196

 
25,571,621

Earnings per common share
$
0.01

 
$
0.01

 
$
0.46

 
$
0.45

Awards excluded from diluted earnings per share calculation(1)

 
868,020

 

 
646,226

(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 nine-month periods ended September 30, 2014 and 2013:
 
Nine Months Ended September 30,
(In Thousands Except Share Data)
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
24,341

 
$
24,341

 
$
49,614

 
$
49,614

Weighted-average common shares outstanding
25,295,842

 
25,295,842

 
25,301,432

 
25,301,432

Add dilutive effect of restricted stock awards

 
114,313

 

 
59,849

Add dilutive effect of stock options

 
126,414

 

 
152,930

Weighted-average common shares
25,295,842

 
25,536,569

 
25,301,432

 
25,514,211

Earnings per common share
$
0.96

 
$
0.95

 
$
1.96

 
$
1.94

Awards excluded from diluted earnings per share calculation(1)

 
889,080

 

 
661,826

(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.