Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

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 years ended December 31, 2014, 2013 and 2012:



(in thousands, except per share data)	2014		2013		2012
NUMERATORS:
Net income	$	147,520	$	98,361	$	101,891
Less:
Dividends and undistributed earnings allocated to participating securities (1)	484		788		682
Net earnings available to common shareholders	$	147,036	$	97,573	$	101,209
DENOMINATORS:
Weighted average number of common shares outstanding - basic	186,550		111,938		111,935
Effect of potentially dilutive common shares (2)	994		238		216
Weighted average number of common shares outstanding - diluted	187,544		112,176		112,151
EARNINGS PER COMMON SHARE:
Basic	$	0.79	$	0.87	$	0.90
Diluted	$	0.78	$	0.87	$	0.90


(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 years ended December 31, 2014, 2013 and 2012.



(in thousands)	2014	2013	2012
Stock options	443	669	1,306