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): | | | | | | | | | | | | | | Year Ended December 31, | | 2014 | | 2013 | | 2012 | Income from continuing operations attributable to common stockholders | $ | 101,609 |
| | $ | 78,499 |
| | $ | 72,667 |
| Discontinued operations | — |
| | 27,684 |
| | 18,064 |
| Net income attributable to common stockholders | $ | 101,609 |
| | $ | 106,183 |
| | $ | 90,731 |
| | | | | | | BASIC: | | | | | | Weighted average common shares outstanding | 33,375,966 |
| | 28,362,398 |
| | 27,811,813 |
| | | | | | | Income from continuing operations per common share | $ | 3.04 |
| | $ | 2.77 |
| | $ | 2.61 |
| Discontinued operations per common share | — |
| | .97 |
| | .65 |
| Net income per common share | $ | 3.04 |
| | $ | 3.74 |
| | $ | 3.26 |
| | | | | | | DILUTED: | | | | | | Weighted average common shares outstanding | 33,375,966 |
| | 28,362,398 |
| | 27,811,813 |
| Stock options and restricted shares | 40,048 |
| | 35,304 |
| | 26,907 |
| Average dilutive common shares outstanding | 33,416,014 |
| | 28,397,702 |
| | 27,838,720 |
| | | | | | | Income from continuing operations per common share | $ | 3.04 |
| | $ | 2.77 |
| | $ | 2.61 |
| Discontinued operations per common share | — |
| | .97 |
| | .65 |
| Net income per common share | $ | 3.04 |
| | $ | 3.74 |
| | $ | 3.26 |
| | | | | | | Incremental shares excluded since anti-dilutive: | | | | | | Stock options with an exercise price in excess of the average market price for our common shares | 13,831 |
| | 23,883 |
| | — |
| | | | | | | Regular dividends declared per common share | $ | 3.08 |
| | $ | 2.90 |
| | $ | 2.64 |
| Special dividends declared per common share1 | $ | — |
| | $ | — |
| | $ | .22 |
| | | | | | | 1 Special dividends are paid in January following the year in which they are declared | | | | | |
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