EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2013

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
	March 31, 2013			December 31, 2012			March 31, 2012
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings	$	13,494		$	19,892		$	5,264
Less: earnings allocated to unvested restricted stock(1)		(326	)		(678	)		(122	)
Net earnings allocated to common shares	$	13,168		$	19,214		$	5,142
Weighted-average basic shares and unvested restricted stock outstanding		37,391.1			37,420.3			37,284.0
Less: weighted-average unvested restricted stock outstanding		(1,594.1	)		(1,704.8	)		(1,654.0	)
Weighted-average basic shares outstanding		35,797.0			35,715.5			35,630.0
Basic earnings per share	$	0.37		$	0.54		$	0.14
Diluted Earnings Per Share:
Net earnings allocated to common shares	$	13,168		$	19,214		$	5,142
Weighted-average basic shares outstanding		35,797.0			35,715.5			35,630.0
Diluted earnings per share	$	0.37		$	0.54		$	0.14

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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.