XML 53 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Common Share Computations
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share Computations
NOTE 9 — 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):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
Numerator for basic earnings per common share:
 
 
 
 
 
 
 
Net earnings
$
4,203

 
$
3,531

 
$
57,689

 
$
60,164

Net earnings allocated to participating securities
(67
)
 
(37
)
 
(927
)
 
(623
)
Numerator for basic earnings per common share
$
4,136

 
$
3,494

 
$
56,762

 
$
59,541

 
 
 
 
 
 
 
 
Numerator for diluted earnings per common share
$
4,203

 
$
3,531

 
$
57,689

 
$
60,164

 
 
 
 
 
 
 
 
Denominator basic and diluted net loss per common share:
 
 
 
 
 
 
 
Basic
17,347

 
17,020

 
17,316

 
17,322

Plus dilutive effect of stock options and restricted stock
139

 
102

 
116

 
167

Plus dilutive effect of participating securities
283

 
181

 
283

 
181

Diluted
17,769

 
17,303

 
17,715

 
17,670

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.24

 
$
0.21

 
$
3.28

 
$
3.44

Diluted
$
0.24

 
$
0.20

 
$
3.26

 
$
3.40