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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE  
Schedule of the calculation of basic and diluted net earnings per share

 

 

 
  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.