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Note 7 - Earnings Per Common Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

7. EARNINGS PER COMMON SHARE


Basic and Diluted Earnings per Common Share


(Amounts in thousands, except per share data)


   

Quarters Ended
June 30,

   

Six Months Ended
June 30,

 
   

2013

   

2012

   

2013

   

2012

 

Net income

  $ 16,176     $ 6,365     $ 30,818     $ 14,257  

Net income applicable to non-vested restricted shares

    (219 )     (76 )     (431 )     (215 )

Net income applicable to common shares

  $ 15,957     $ 6,289     $ 30,387     $ 14,042  

Weighted-average common shares outstanding:

                               

Weighted-average common shares outstanding (basic)

    74,017       73,659       73,942       73,582  

Dilutive effect of common stock equivalents

    7       -       8       -  

Weighted-average diluted common shares outstanding

    74,024       73,659       73,950       73,582  

Basic earnings per common share

  $ 0.22     $ 0.09     $ 0.41     $ 0.19  

Diluted earnings per common share

  $ 0.22     $ 0.09     $ 0.41     $ 0.19  

Anti-dilutive shares not included in the computation of diluted earnings per common share (1)

    1,447       1,756       1,520       1,809  

(1)

This amount represents outstanding stock options for which the exercise price is greater than the average market price of the Company’s common stock.