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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2014
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  
 
  March 31,
2014
  December 31,
2013
  March 31,
2013
 
 
  (In thousands, except per share data)
 

Basic Earnings Per Share:

                   

Net earnings from continuing operations

  $ 25,905   $ 3,447   $ 13,494  

Less: earnings allocated to unvested restricted stock(1)

    (500 )   (280 )   (326 )
               

Net earnings from continuing operations allocated to common shares

    25,405     3,167     13,168  

Net loss from discontinued operations allocated to common shares

    (804 )   (338 )    
               

Net earnings allocated to common shares

  $ 24,601   $ 2,829   $ 13,168  
               
               

Weighted-average basic shares and unvested restricted stock outstanding

    45,799     46,069     37,391  

Less: weighted-average unvested restricted stock outstanding

    (1,148 )   (1,743 )   (1,594 )
               

Weighted-average basic shares outstanding

    44,651     44,326     35,797  
               
               

Basic earnings per share:

                   

Net earnings from continuing operations

  $ 0.57   $ 0.07   $ 0.37  

Net loss from discontinued operations

    (0.02 )   (0.01 )    
               

Net earnings

  $ 0.55   $ 0.06   $ 0.37  
               
               

Diluted Earnings Per Share:

                   

Net earnings from continuing operations allocated to common shares

  $ 25,405   $ 3,167   $ 13,168  

Net loss from discontinued operations allocated to common shares

    (804 )   (338 )    
               

Net earnings allocated to common shares

  $ 24,601   $ 2,829   $ 13,168  
               
               

Weighted-average basic shares outstanding

    44,651     44,326     35,797  
               
               

Diluted earnings per share:

                   

Net earnings from continuing operations

  $ 0.57   $ 0.07   $ 0.37  

Net loss from discontinued operations

    (0.02 )   (0.01 )    
               

Net earnings

  $ 0.55   $ 0.06   $ 0.37  
               
               

(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.