(In thousands, except per share amounts)

2013

2012

2011

Net income as reported

$

88,784

$

75,332

$

87,024

Less: Distributed earnings available to participating securities

(35

)

(30

)

(16

)

Less: Undistributed earnings available to participating securities

(16

)

(98

)

(288

)

Numerator for basic earnings per share —

Undistributed and distributed earnings available to common shareholders

$

88,733

$

75,204

$

86,720

Add: Undistributed earnings allocated to participating securities

16

98

288

Less: Undistributed earnings reallocated to participating securities

(16

)

(97

)

(283

)

Numerator for diluted earnings per share —

Undistributed and distributed earnings available to common shareholders

$

88,733

$

75,205

$

86,725

Denominator for basic earnings per share —

Weighted-average shares

22,315

21,822

21,901

Effect of dilutive securities:

Common stock equivalents

222

276

354

Denominator for diluted earnings per share —

Adjusted for weighted-average shares & assumed conversions

22,537

22,098

22,255

Basic earnings per share

$

3.98

$

3.45

$

3.96

Diluted earnings per share

$

3.94

$

3.40

$

3.90