EARNINGS PER SHARE

9 Months Ended

Sep. 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									Nine Months Ended September 30,
	September 30, 2012			June 30, 2012			September 30, 2011
										2012			2011
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings	$	16,088		$	15,557		$	13,304		$	36,909		$	36,821
Less: earnings allocated to unvested restricted stock(1)		(574	)		(538	)		(622	)		(1,170	)		(1,595	)
Net earnings allocated to common shares	$	15,514		$	15,019		$	12,682		$	35,739		$	35,226
Weighted-average basic shares and unvested restricted stock outstanding		37,413.2			37,359.2			37,257.4			37,352.4			37,101.3
Less: weighted-average unvested restricted stock outstanding		(1,712.8	)		(1,669.2	)		(1,768.9	)		(1,678.8	)		(1,629.8	)
Weighted-average basic shares outstanding		35,700.4			35,690.0			35,488.5			35,673.6			35,471.5
Basic earnings per share	$	0.43		$	0.42		$	0.36		$	1.00		$	0.99
Diluted Earnings Per Share:
Net earnings allocated to common shares	$	15,514		$	15,019		$	12,682		$	35,739		$	35,226
Weighted-average basic shares outstanding		35,700.4			35,690.0			35,488.5			35,673.6			35,471.5
Diluted earnings per share	$	0.43		$	0.42		$	0.36		$	1.00		$	0.99

⁽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.