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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three and nine months ended September 30, 2015 and 2014.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
23,132

 
23,424

 
23,294

 
23,354

Dilutive effect of contingently convertible notes and warrants
 

 
1,003

 

 
2,004

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
5

 
5

 
4

 
5

Weighted average dilutive common shares outstanding
 
23,137

 
24,432

 
23,298

 
25,363

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
45,261

 
$
26,162

 
$
127,385

 
$
74,327

Less: Earnings allocated to participating securities
 
1,729

 
1,035

 
4,906

 
2,958

 Earnings available to basic common shares
 
$
43,532

 
$
25,127

 
$
122,479

 
$
71,369

 Basic earnings per common share
 
$
1.88

 
$
1.07

 
$
5.26

 
$
3.06

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
45,261

 
$
26,162

 
$
127,385

 
$
74,327

Less: Earnings allocated to participating securities
 
1,729

 
1,000

 
4,905

 
2,769

 Earnings available to diluted common shares
 
$
43,532

 
$
25,162

 
$
122,480

 
$
71,558

 Diluted earnings per common share
 
$
1.88

 
$
1.03

 
$
5.26

 
$
2.82