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Net Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Reconciliation of Net Income and Share Amounts in Computation of Basic and Diluted Net Earnings Per Common Share

The following is a reconciliation of the net income and share amounts used in the computation of basic and diluted net earnings per common share for the three and six months ended June 30, 2014 and 2013 (in thousands, except per share data):

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2014     2013     2014     2013  
    (in thousands, except per share data)     (in thousands, except per share data)  

Net income

  $ 20,594      $ 17,407      $ 39,306      $ 30,762   
 

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share:

       

Basic

  $ 0.27      $ 0.23      $ 0.52      $ 0.40   

Effect of CESs

    —          (0.01     (0.01     (0.01
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.27      $ 0.22      $ 0.51      $ 0.39   
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares:

       

Basic

    75,274        76,888        75,544        77,096   

Effect of CESs

    763        1,148        871        1,292   
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

    76,037        78,036        76,415        78,388