EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 16—EARNINGS PER SHARE

        The following table presents a summary of the calculation of basic and diluted net earnings per share for the years indicated:

	Year Ended December 31,
	2013			2012			2011
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings from continuing operations	$	45,477		$	56,801		$	50,704
Less: earnings allocated to unvested restricted stock(1)		(1,096	)		(1,845	)		(2,072	)
Net earnings from continuing operations allocated to common shares		44,381			54,956			48,632
Net loss from discontinued operations allocated to common shares		(348	)		—			—
Net earnings allocated to common shares	$	44,033		$	54,956		$	48,632
Weighted-average basic shares and unvested restricted stock outstanding		42,506			37,370			37,142
Less: weighted-average unvested restricted stock outstanding		(1,683	)		(1,685	)		(1,651	)
Weighted-average basic shares outstanding		40,823			35,685			35,491
Basic earnings per share:
Net earnings from continuing operations	$	1.09		$	1.54		$	1.37
Net loss from discontinued operations		(0.01	)		—			—
Net earnings	$	1.08		$	1.54		$	1.37
Diluted Earnings Per Share:
Net earnings from continuing operations allocated to common shares	$	44,381		$	54,956		$	48,632
Net loss from discontinued operations allocated to common shares		(348	)		—			—
Net earnings allocated to common shares	$	44,033		$	54,956		$	48,632
Weighted-average basic shares outstanding		40,823			35,685			35,491
Diluted earnings per share:
Net earnings from continuing operations	$	1.09		$	1.54		$	1.37
Net loss from discontinued operations		(0.01	)		—			—
Net earnings	$	1.08		$	1.54		$	1.37

⁽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.