EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 12—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, 2013			March 31, 2013			June 30, 2012
										2013			2012
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings from continuing operations	$	4,396		$	13,494		$	15,557		$	17,890		$	20,821
Less: earnings allocated to unvested restricted stock(1)		(212	)		(326	)		(538	)		(351	)		(602	)
Net earnings from continuing operations allocated to common shares		4,184			13,168			15,019			17,539			20,219
Net earnings from discontinued operations		(47	)		—			—			(47	)		—
Net earnings allocated to common shares	$	4,137		$	13,168		$	15,019		$	17,492		$	20,219
Weighted-average basic shares and unvested restricted stock outstanding		40,338.3			37,391.1			37,359.2			38,872.8			37,321.6
Less: weighted-average unvested restricted stock outstanding		(1,596.7	)		(1,594.1	)		(1,669.2	)		(1,595.4	)		(1,661.6	)
Weighted-average basic shares outstanding		38,741.6			35,797.0			35,690.0			37,277.4			35,660.0
Basic earnings per share:
Net earnings from continuing operations	$	0.11		$	0.37		$	0.42		$	0.47		$	0.57
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.11		$	0.37		$	0.42		$	0.47		$	0.57
Diluted Earnings Per Share:
Net earnings from continuing operations allocated to common shares	$	4,184		$	13,168		$	15,019		$	17,539		$	20,219
Net earnings from discontinued operations		(47	)		—			—			(47	)		—
Net earnings allocated to common shares	$	4,137		$	13,168		$	15,019		$	17,492		$	20,219
Weighted-average basic shares outstanding		38,741.6			35,797.0			35,690.0			37,277.4			35,660.0
Diluted earnings per share:
Net earnings from continuing operations	$	0.11		$	0.37		$	0.42		$	0.47		$	0.57
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.11		$	0.37		$	0.42		$	0.47		$	0.57

(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.