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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings per Share  
Schedule of reconciliation between the weighted average outstanding shares used in calculation of basic and diluted earnings per share

The following table reconciles the basic to diluted weighted average common shares outstanding using the treasury stock method (in thousands, except per share data):

                                                                                                                                                                                       

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

Basic and diluted

 

2014

 

2013

 

2014

 

2013

 

Net income

 

$
6,950 

 

$
11,508 

 

$
16,341 

 

$
28,904 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 
87,736 

 
87,830 

 
87,660 

 
87,551 

 

Plus: net effect of dilutive stock options

 
272 

 
1,146 

 
293 

 
1,268 

 

Plus: net effect of dilutive restricted stock awards and units

 
225 

 
191 

 
192 

 
179 

 

Weighted average common shares outstanding, diluted

 
88,233 

 
89,167 

 
88,145 

 
88,998 

 

Income per common share - Basic

 

$
0.08 

 

$
0.13 

 

$
0.19 

 

$
0.33 

 

Income per common share - Diluted

 

$
0.08 

 

$
0.13 

 

$
0.19 

 

$
0.32