Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator:
Net income available to common shareholders	$	13,224	$	8,339	$	34,793	$	20,651
Denominator:
Basic weighted average shares outstanding		17,012,046		15,571,207		16,947,935		15,522,492
Effect of dilutive securities:
SARs and options		286,869		445,178		308,472		447,932
Convertible notes		—		1,155,920		—		965,967
Restricted stock		93,355		37,872		80,307		27,691
Diluted weighted average shares outstanding		17,392,270		17,210,177		17,336,714		16,964,082
Basic earnings per share	$	0.78	$	0.54	$	2.05	$	1.33
Diluted earnings per share	$	0.76	$	0.48	$	2.01	$	1.22

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Restricted stock and stock options		371		127,014		16,621		131,267
Stock appreciation rights		57,661		177,758		44,207		157,084