EARNINGS PER SHARE

9 Months Ended

Sep. 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									Nine Months Ended September 30,
	September 30, 2013			June 30, 2013			September 30, 2012
										2013			2012
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings from continuing operations	$	24,140		$	4,396		$	16,088		$	42,030		$	36,909
Less: earnings allocated to unvested restricted stock(1)		(786	)		(212	)		(574	)		(1,137	)		(1,170	)
Net earnings from continuing operations allocated to common shares		23,354			4,184			15,514			40,893			35,739
Net earnings (loss) from discontinued operations		23			(47	)		—			(24	)		—
Net earnings allocated to common shares	$	23,377		$	4,137		$	15,514		$	40,869		$	35,739
Weighted-average basic shares and unvested restricted stock outstanding		46,091			40,339			37,413			41,306			37,353
Less: weighted-average unvested restricted stock outstanding		(1,795	)		(1,597	)		(1,713	)		(1,663	)		(1,679	)
Weighted-average basic shares outstanding		44,296			38,742			35,700			39,643			35,674
Basic earnings per share:
Net earnings from continuing operations	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Diluted Earnings Per Share:
Net earnings from continuing operations allocated to common shares	$	23,354		$	4,184		$	15,514		$	40,893		$	35,739
Net earnings (loss) from discontinued operations		23			(47	)		—			(24	)		—
Net earnings allocated to common shares	$	23,377		$	4,137		$	15,514		$	40,869		$	35,739
Weighted-average basic shares outstanding		44,296			38,742			35,700			39,643			35,674
Diluted earnings per share:
Net earnings from continuing operations	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00

(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.