Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share

Earnings (Loss) Per Share

(12) Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

	September 30,
	2014		2013
Three Months Ended
Net income for basic and diluted earnings per share	$	11,365	$	7,715
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	35,093		36,544
Effect of dilutive securities	933		1,237
Average common shares used in diluted computation	36,026		37,781
Earnings per share:
Basic	$	0.32	$	0.21
Diluted	$	0.32	$	0.20
Nine Months Ended
Net income for basic and diluted earnings per share	$	37,911	$	21,423
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	35,628		36,956
Effect of dilutive securities	971		1,258
Average common shares used in diluted computation	36,599		38,214
Earnings per share:
Basic	$	1.06	$	0.58
Diluted	$	1.04	$	0.56

The following is a summary of anti-dilutive equity awards not included in the detailed earnings per share computations (amounts in thousands):

	September 30,
	2014	2013
Three months ended	471	284
Nine months ended	421	282