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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three months ended March 31, 2015 and 2014.
 
 
Three Months Ended March 31,
 
 
 
2015
 
2014
 
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
23,443

 
23,339

 
Dilutive effect of contingently convertible notes and warrants
 

 
2,085

 
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
3

 
4

 
Weighted average dilutive common shares outstanding
 
23,446

 
25,428

 
Basic:
 
 
 
 
 
Net Income
 
$
35,815

 
$
31,303

 
Less: Earnings allocated to participating securities
 
1,388

 
1,241

 
Earnings available to basic common shares
 
$
34,427

 
$
30,062

 
Basic earnings per common share
 
$
1.47

 
$
1.29

 
Diluted:
 
 
 
 
 
Net Income
 
$
35,815

 
$
31,303

 
Less: Earnings allocated to participating securities
 
1,388

 
1,156

 
Earnings available to diluted common shares
 
$
34,427

 
$
30,147

 
Diluted earnings per common share
 
$
1.47

 
$
1.19