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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Equity [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
March 31,
 
     2014      2013  

Numerator:

     

Net income available to common shareholders

   $ 12,295       $ 21,569   
  

 

 

    

 

 

 

Denominator:

     

Basic weighted average shares outstanding

     16,564,338         16,883,111   

Effect of dilutive securities:

     

SARs and options

     151,457         330,075   

Restricted stock

     83,924         67,259   
  

 

 

    

 

 

 

Diluted weighted average shares outstanding

     16,799,719         17,280,445   
  

 

 

    

 

 

 

Basic earnings per share

   $ 0.74       $ 1.28   
  

 

 

    

 

 

 

Diluted earnings per share

   $  0.73       $ 1.25   
  

 

 

    

 

 

 
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
March 31,
 
     2014      2013  

Restricted stock and stock options

     44         32,872   

Stock appreciation rights

     598         30,753