NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2014

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

NOTE K — NET INCOME PER COMMON SHARE

Basic per common share amounts are computed using the weighted average number of common shares outstanding during the year. Diluted per common share amounts are computed using the weighted average number of common shares outstanding during the year and dilutive potential common shares. Dilutive potential common shares consist of stock options and restricted shares and are calculated using the treasury stock method. Anti-dilutive shares are insignificant and do not impact the income per share calculation for the three and six months ended June 30, 2014 and 2013, respectively.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except share and per share data)	2014		2013		2014		2013
Net income	$	12,619	$	14,079	$	18,616	$	23,569
Shares of common stock outstanding used to compute basic per common share amounts	35,469,769		34,849,659		35,319,944		34,724,077
Effect of dilutive restricted stock and options (1)	121,995		458,038		150,226		501,794
Shares used to compute dilutive per common share amounts	35,591,764		35,307,697		35,470,170		35,225,871
Basic income per share	$	0.36	$	0.40	$	0.53	$	0.68
Diluted income per share	$	0.35	$	0.40	$	0.52	$	0.67