EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2013

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, 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.