Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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 September 30,					Nine Months Ended September 30,
	2014		2013			2014		2013
Numerator:
Net income (loss) available to common shareholders	$	8,913	$	(15,298	)	$	36,368	$	19,495
Denominator:
Basic weighted average shares outstanding		31,606,264		33,660,212			32,538,832		33,772,710
Effect of dilutive securities:
SARs and options		237,602		—			268,016		566,190
Restricted stock		164,915		—			159,469		168,010
Diluted weighted average shares outstanding		32,008,781		33,660,212			32,966,317		34,506,910
Basic earnings (loss) per share	$	0.28	$	(0.45	)	$	1.12	$	0.58
Diluted earnings (loss) per share	$	0.28	$	(0.45	)	$	1.10	$	0.56

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 September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Restricted stock and stock options		10,444		407,902		3,511		34,620
Stock appreciation rights		3,340		115,790		2,625		97,540