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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Reconciliation of Earnings Per Share

The table below presents the reconciliation of earnings per share for the periods indicated:

 

     For the Three Months Ended
March 31,
 
     2013      2012  
     (In thousands, except per
share amounts)
 

Earnings per common share:

     

Net earnings

   $ 21,615       $ 22,268   

Less: Net earnings allocated to restricted stock

     69         72   
  

 

 

    

 

 

 

Net earnings allocated to common shareholders (numerator)

   $ 21,546       $ 22,196   
  

 

 

    

 

 

 

Weighted average shares outstanding (denominator)

     104,564         104,303   

Earnings per common share

   $ 0.21       $ 0.21   
  

 

 

    

 

 

 

Diluted earnings per common share:

     

Net income allocated to common shareholders (numerator)

   $ 21,546       $ 22,196   
  

 

 

    

 

 

 

Weighted average shares outstanding

     104,564         104,303   

Incremental shares from assumed exercise of outstanding options

     246         197   
  

 

 

    

 

 

 

Diluted weighted average shares outstanding (denominator)

     104,810         104,500   

Diluted earnings per common share

   $ 0.21       $ 0.21