Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share

NOTE B – Earnings Per Share

Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive.

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
BASIC
Weighted average number of common shares outstanding   used in computing basic earnings per share		46,889		46,148		46,794		46,085
Net income attributable to common stockholders	$	17,385	$	8,635	$	27,587	$	6,709
Earnings per share attributable to common stockholders	$	0.37	$	0.19	$	0.59	$	0.15
DILUTED
Weighted average number of common shares outstanding   used in computing basic earnings per share		46,889		46,148		46,794		46,085
Add:  Dilutive effect of stock options and stock awards outstanding		1,534		1,359		1,429		1,298
		48,423		47,507		48,223		47,383
Net income attributable to common stockholders	$	17,385	$	8,635	$	27,587	$	6,709
Earnings per share attributable to common stockholders	$	0.36	$	0.18	$	0.57	$	0.14