Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Computation Of Basic And Diluted Earnings (Loss) Per Common Share

The following is a computation of basic and diluted earnings per common share for the three and six months ended June 30, 2013 and 2012:

(in thousands, except per share data)



	Three months ended				Six months ended
	June 30,				June 30,
	2013		2012		2013		2012
NUMERATORS:
Net income	$	26,253	$	23,277	$	49,614	$	48,780
Less:
Dividends and undistributed earnings allocated to participating securities (1)	197		162		380		329
Net earnings available to common shareholders	$	26,056	$	23,115	$	49,234	$	48,451
DENOMINATORS:
Weighted average number of common shares outstanding - basic	111,954		111,897		111,946		111,943
Effect of potentially dilutive common shares (2)	191		181		187		177
Weighted average number of common shares outstanding - diluted	112,145		112,078		112,133		112,120
EARNINGS PER COMMON SHARE:
Basic	$	0.23	$	0.21	$	0.44	$	0.43
Diluted	$	0.23	$	0.21	$	0.44	$	0.43


(1)	Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.


(2)	Represents the effect of the assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.

Schedule Of Weighted Average Outstanding Securities Not Included In The Computation Of Diluted Earnings Per Common Share

The following table presents the weighted average outstanding securities that were not included in the computation of diluted earnings per common share because their effect would be anti-dilutive for the three and six months ended June 30, 2013 and 2012.

(in thousands)



	Three months ended		Six months ended
	June 30,		June 30,
	2013	2012	2013	2012
Stock options	863	1,314	933	1,316