EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2013

EARNINGS PER SHARE

Schedule of the calculation of basic and diluted net earnings per share

	Three Months Ended									Nine Months Ended September 30,
	September 30, 2013			June 30, 2013			September 30, 2012
										2013			2012
	(In thousands, except per share data)
Basic Earnings Per Share:
Net earnings from continuing operations	$	24,140		$	4,396		$	16,088		$	42,030		$	36,909
Less: earnings allocated to unvested restricted stock(1)		(786	)		(212	)		(574	)		(1,137	)		(1,170	)
Net earnings from continuing operations allocated to common shares		23,354			4,184			15,514			40,893			35,739
Net earnings (loss) from discontinued operations		23			(47	)		—			(24	)		—
Net earnings allocated to common shares	$	23,377		$	4,137		$	15,514		$	40,869		$	35,739
Weighted-average basic shares and unvested restricted stock outstanding		46,091			40,339			37,413			41,306			37,353
Less: weighted-average unvested restricted stock outstanding		(1,795	)		(1,597	)		(1,713	)		(1,663	)		(1,679	)
Weighted-average basic shares outstanding		44,296			38,742			35,700			39,643			35,674
Basic earnings per share:
Net earnings from continuing operations	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Diluted Earnings Per Share:
Net earnings from continuing operations allocated to common shares	$	23,354		$	4,184		$	15,514		$	40,893		$	35,739
Net earnings (loss) from discontinued operations		23			(47	)		—			(24	)		—
Net earnings allocated to common shares	$	23,377		$	4,137		$	15,514		$	40,869		$	35,739
Weighted-average basic shares outstanding		44,296			38,742			35,700			39,643			35,674
Diluted earnings per share:
Net earnings from continuing operations	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00
Net earnings from discontinued operations		—			—			—			—			—
Net earnings	$	0.53		$	0.11		$	0.43		$	1.03		$	1.00

(1)

Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.