Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

The following table sets forth the calculation of EPS for the three and six months ended June 30, 2018 and 2017.



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Weighted average basic common shares outstanding	20,036		20,516		20,167		20,604
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	10		6		9		5
Weighted average dilutive common shares outstanding	20,046		20,522		20,176		20,609
Basic:
Net Income	$	56,463	$	39,133	$	92,277	$	73,072
Less: Earnings allocated to participating securities	1,916		1,389		3,123		2,645
Net income available to basic common shares	$	54,547	$	37,744	$	89,154	$	70,427
Basic earnings per common share	$	2.72	$	1.84	$	4.42	$	3.42
Diluted:
Net Income	$	56,463	$	39,133	$	92,277	$	73,072
Less: Earnings allocated to participating securities	1,916		1,389		3,123		2,645
Net income available to diluted common shares	$	54,547	$	37,744	$	89,154	$	70,427
Diluted earnings per common share	$	2.72	$	1.84	$	4.42	$	3.42