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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
The table below displays the calculation of basic and diluted earnings (loss) per share.
Basic and Diluted Earnings (Loss) per Common Share
(Amounts in thousands, except per share data)
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
Net income (loss)
 
$
69,306

 
$
79,306

 
$
(21,054
)
Net (income) loss applicable to non-vested restricted shares
 
(836
)
 
(1,107
)
 
306

Net income (loss) applicable to common shares
 
$
68,470

 
$
78,199

 
$
(20,748
)
Weighted-average common shares outstanding:
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
 
74,484

 
73,984

 
73,665

Dilutive effect of common stock equivalents
 
12

 
10

 
1

Weighted-average diluted common shares outstanding
 
74,496

 
73,994

 
73,666

Basic earnings (loss) per common share
 
$
0.92

 
$
1.06

 
$
(0.28
)
Diluted earnings (loss) per common share
 
0.92

 
1.06

 
(0.28
)
Anti-dilutive shares not included in the computation of
  diluted earnings per common share (1)
 
1,198

 
1,462

 
1,759



(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.