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Earnings Per Common Share Computations
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Common Share Computations
EARNINGS PER COMMON SHARE COMPUTATIONS
The following is a reconciliation of the numerator and denominator of the earnings per common share computations (in thousands, except per share data):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Numerator for basic earnings from continuing operations per
common share:
 
 
 
 
 
Earnings from continuing operations
$
55,033

 
$
58,152

 
$
60,795

Earnings from continuing operations allocated to participating securities
(873
)
 
(518
)
 
(1,103
)
Numerator for basic earnings from continuing operations per
common share
$
54,160

 
$
57,634

 
$
59,692

Numerator for basic earnings per common share:
 
 
 
 
 
Net earnings
$
54,900

 
$
58,276

 
$
64,355

Net earnings allocated to participating securities
(870
)
 
(519
)
 
(1,180
)
Numerator for basic net earnings per common share
$
54,030

 
$
57,757

 
$
63,175

Numerator for diluted earnings from continuing operations per common share:
$
55,033

 
$
58,152

 
$
60,795

Numerator for diluted earnings per common share
$
54,900

 
$
58,276

 
$
64,355

 
 
 
 
 
 
Denominator for net earnings per common share:
 
 
 
 
 
Basic
17,294

 
17,047

 
16,638

Plus dilutive effect of stock options and restricted stock
248

 
233

 
118

Plus dilutive effect of participating securities
396

 
195

 
369

Diluted
17,938

 
17,475

 
17,125

Earnings (loss) per common share:
 
 
 
 
 
Basic
 
 
 
 
 
Earnings from continuing operations
$
3.13

 
$
3.38

 
$
3.59

Discontinued operations
(0.01
)
 
0.01

 
0.21

Net earnings
$
3.12

 
$
3.39

 
$
3.80

Diluted
 
 
 
 
 
Earnings from continuing operations
$
3.07

 
$
3.33

 
$
3.55

Discontinued operations
(0.01
)
 
0.01

 
0.21

Net earnings
$
3.06

 
$
3.34

 
$
3.76


Options to purchase approximately 18 thousand shares for the year ended December 31, 2011, were not included in the computation of earnings per common share assuming dilution because the options’ exercise prices were greater than the average market price of the common shares.