EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 11—EARNINGS PER SHARE

        The following is a summary of the calculation of basic and diluted net earnings per share for the periods indicated:

	Three Months Ended									Six Months Ended June 30,
	June 30, 2012			March 31, 2012			June 30, 2011
										2012			2011
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings	$	15,557		$	5,264		$	12,841		$	20,821		$	23,517
Less: earnings allocated to unvested restricted stock(1)		(538	)		(122	)		(600	)		(602	)		(976	)
Net earnings allocated to common shares	$	15,019		$	5,142		$	12,241		$	20,219		$	22,541
Weighted-average basic shares and unvested restricted stock outstanding		37,359.2			37,284.0			37,239.8			37,321.6			37,021.9
Less: weighted-average unvested restricted stock outstanding		(1,669.2	)		(1,654.0	)		(1,768.2	)		(1,661.6	)		(1,559.0	)
Weighted-average basic shares outstanding		35,690.0			35,630.0			35,471.6			35,660.0			35,462.9
Basic earnings per share	$	0.42		$	0.14		$	0.35		$	0.57		$	0.64
Diluted Earnings Per Share:
Net earnings allocated to common shares	$	15,019		$	5,142		$	12,241		$	20,219		$	22,541
Weighted-average basic shares outstanding		35,690.0			35,630.0			35,471.6			35,660.0			35,462.9
Diluted earnings per share	$	0.42		$	0.14		$	0.35		$	0.57		$	0.64

⁽¹⁾

Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.