Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

The components of basic and diluted earnings per share were as follows for the three-month periods ended September 30, 2015 and 2014:



	Three Months Ended September 30,
(In Thousands Except Share Data)	2015				2014
	Basic		Diluted		Basic		Diluted
Net income	$	19,534	$	19,534	$	325	$	325
Weighted-average common shares outstanding	25,067,080		25,067,080		25,188,381		25,188,381
Add dilutive effect of restricted stock awards	—		125,135		—		114,313
Add dilutive effect of stock options	—		187,133		—		101,655
Weighted-average common shares	25,067,080		25,379,348		25,188,381		25,404,349
Earnings per common share	$	0.78	$	0.77	$	0.01	$	0.01
Awards excluded from diluted earnings per share calculation⁽¹⁾	—		260,035		—		868,020


(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, 2015 and 2014:



	Nine Months Ended September 30,
(In Thousands Except Share Data)	2015				2014
	Basic		Diluted		Basic		Diluted
Net income	$	58,231	$	58,231	$	24,341	$	24,341
Weighted-average common shares outstanding	25,027,382		25,027,382		25,295,842		25,295,842
Add dilutive effect of restricted stock awards	—		125,135		—		114,313
Add dilutive effect of stock options	—		19,364		—		126,414
Weighted-average common shares	25,027,382		25,171,881		25,295,842		25,536,569
Earnings per common share	$	2.33	$	2.31	$	0.96	$	0.95
Awards excluded from diluted earnings per share calculation⁽¹⁾	—		410,425		—		889,080


(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.