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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three and six months ended June 30, 2016 and 2015.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
21,057

 
23,312

 
21,753

 
23,377

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
13

 
3

 
9

 
3

Weighted average dilutive common shares outstanding
 
21,070

 
23,315

 
21,762

 
23,380

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,885

 
1,792

 
3,224

 
3,176

 Earnings available to basic common shares
 
$
44,695

 
$
44,518

 
$
77,647

 
$
78,948

 Basic earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,884

 
1,792

 
3,223

 
3,176

 Earnings available to diluted common shares
 
$
44,696

 
$
44,518

 
$
77,648

 
$
78,948

 Diluted earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38