EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE

Schedule of the calculation of basic and diluted net earnings per share

	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.