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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE

The table below displays the calculation of basic and diluted earnings per share.

Basic and Diluted Earnings per Common Share
(Amounts in thousands, except per share data)
 
Quarters Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
Net income
$
18,549

 
$
29,323

 
$
54,713

 
$
60,141

Net income applicable to non-vested restricted shares
(242
)
 
(416
)
 
(697
)
 
(847
)
Net income applicable to common shares
$
18,307

 
$
28,907

 
$
54,016

 
$
59,294

Weighted-average common shares outstanding:
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
74,341

 
74,023

 
74,270

 
73,969

Dilutive effect of common stock equivalents
11

 
11

 
12

 
9

Weighted-average diluted common shares outstanding
74,352

 
74,034

 
74,282

 
73,978

Basic earnings per common share
$
0.25

 
$
0.39

 
$
0.73

 
$
0.80

Diluted earnings per common share
$
0.25

 
$
0.39

 
$
0.73

 
$
0.80

Anti-dilutive shares not included in the computation of diluted earnings per common share (1)
1,155

 
1,412

 
1,215

 
1,483


(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.