Earnings Per Share

6 Months Ended

Jun. 30, 2015

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:



	Three Months Ended		Six Months Ended
	June 30,		June 30,
(In Thousands)	2015	2014	2015	2014
Weighted average shares outstanding used to compute basic earnings per share	32,609	32,312	32,546	32,277
Incremental dilutive shares attributable to stock options and restricted stock	137	329	141	354
Shares used to compute diluted earnings per share	32,746	32,641	32,687	32,631

Incremental shares attributable to stock options and restricted stock are computed under the treasury stock method using the average market price during the related period. For the three and six months ended June 30, 2015, average out-of-the-money options to purchase shares that were excluded from the calculation of incremental shares attributable to stock options and restricted stock were 327,697 and 356,228, respectively.