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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

9. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

     Three Months Ended March 31,  
     2014      2013  
     (In thousands, except per share amounts)  

Net income from continuing operations

    $ 17,475       $ 15,545   

Loss from discontinued operations

      —           (219 ) 
  

 

 

     

 

 

  

Net income

    $ 17,475       $ 15,326   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      37,121         36,774   

Basic earnings per common share

      

Income from continuing operations

    $ 0.47       $ 0.42   

Loss from discontinued operations

      —           —     
  

 

 

     

 

 

  

Basic earnings per share

    $ 0.47       $ 0.42   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      37,121         36,774   

Dilutive effect of stock options and restricted stock

      975         899   
  

 

 

     

 

 

  

Diluted weighted average shares outstanding

      38,096         37,673   
  

 

 

     

 

 

  

Diluted earnings per common share

      

Income from continuing operations

    $ 0.46       $ 0.41   

Loss from discontinued operations

      —           —     
  

 

 

     

 

 

  

Diluted earnings per share

    $ 0.46       $ 0.41   
  

 

 

     

 

 

  

Stock options and restricted stock totaling 182,391 shares and 482,716 shares for the three months ended March 31, 2014 and 2013, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.