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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share (restated)
The computation of basic and diluted earnings per common share is as follows:
 
Three Months Ended
 
March 31,
(In thousands, except per share amounts)
2014 (Restated)
 
2013 (Restated)
Computation of Basic Earnings Per Share:
 
 
 
Numerator:
 
 
 
Net income from continuing operations
$
21,469

 
$
19,776

Net income (loss) from discontinued operations
1,641

 
(33
)
Net income
23,110

 
19,743

Income allocated to participating securities
(202
)
 
(207
)
Net income available to common shareholders
$
22,908

 
$
19,536

Denominator:
 
 
 
Weighted average common shares outstanding – basic
57,807

 
57,720

 
 
 
 
Basic earnings per share - Continuing operations
$
0.37

 
$
0.34

Basic earnings per share - Discontinued operations
0.03

 
—


$
0.40

 
$
0.34

 
 
 
 
Computation of Diluted Earnings Per Share:
 
 
 
Numerator:
 
 
 
Net income from continuing operations
$
21,469

 
$
19,776

Net income (loss) from discontinued operations
1,641

 
(33
)
Net income
23,110

 
19,743

Income allocated to participating securities
(201
)
 
(206
)
Net income available to common shareholders
$
22,909

 
$
19,537

Denominator:
 
 
 
Weighted average common shares outstanding – basic
57,807

 
57,720

Diluted effect of stock options and PVRSUs
493

 
361

Weighted average common shares outstanding – diluted
58,300

 
58,081

 
 
 
 
Diluted earnings per share - Continuing operations
$
0.36

 
$
0.34

Diluted earnings per share - Discontinued operations
0.03

 
—


$
0.39

 
$
0.34



The Company's unvested restricted shares contain rights to receive non-forfeitable dividends, and thus are participating securities requiring the two-class method of computing earnings per share ("EPS"). The calculation of EPS for common stock shown above excludes the income attributable to the unvested restricted share awards from the numerator and excludes the dilutive impact of those awards from the denominator.
At March 31, 2014 and 2013, the Company had 2.3 million and 1.8 million outstanding stock options, respectively. Stock options are included in the diluted earnings per share calculation using the treasury stock method and average market prices during the period, unless the stock options would be anti-dilutive. For the three months ended March 31, 2014 and 2013, the Company did not exclude any anti-dilutive stock options from the diluted earnings per share calculation.
PVRSUs are also included in the diluted earnings per share calculation when the performance conditions have been met at the reporting date. However, at March 31, 2014 and 2013, PVRSUs totaling 241,578 and 198,394, respectively, were excluded from the computation since the performance conditions had not been met.