Earnings and Dividends Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share (in thousands, except share and per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Income from continuing operations attributable to common stockholders	$	25,250	$	22,035	$	74,080	$	54,382
Discontinued operations	—		20,709		—		24,026
Net income attributable to common stockholders	$	25,250	$	42,744	$	74,080	$	78,408
BASIC:
Weighted average common shares outstanding	33,055,992		27,876,176		33,053,386		27,872,805
Income from continuing operations per common share	$	.76	$	.79	$	2.24	$	1.95
Discontinued operations per common share	—		.74		—		.86
Net income per common share	$	.76	$	1.53	$	2.24	$	2.81
DILUTED:
Weighted average common shares outstanding	33,055,992		27,876,176		33,053,386		27,872,805
Stock options	32,578		29,369		33,643		34,109
Average dilutive common shares outstanding	33,088,570		27,905,545		33,087,029		27,906,914
Income from continuing operations per common share	$	.76	$	.79	$	2.24	$	1.95
Discontinued operations per common share	—		.74		—		.86
Net income per common share	$	.76	$	1.53	$	2.24	$	2.81
Incremental shares excluded since anti-dilutive:
Net share effect of stock options with an exercise price in excess of the average market price for our common shares	24,659		43,473		26,734		15,649
Regular dividends declared per common share	$	.77	$	.735	$	2.31	$	2.165