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Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted EPS:
(Thousands except per share amounts)
 
2014
 
2013
 
2012
Numerator for basic and diluted EPS:
 
 
 
 
 
 
Net income
 
$
41,721


$
19,707

 
$
24,664

Denominator:
 


 
 
 
Denominator for basic EPS:
 


 
 
 
Weighted-average shares outstanding
 
20,461


20,571

 
20,418

Effect of dilutive securities:
 


 
 
 
Stock options and stock appreciation rights
 
185


188

 
163

Restricted stock
 
95


101

 
94

Performance-based restricted shares
 
69


35

 
4

Diluted potential common shares
 
349

 
324

 
261

Denominator for diluted EPS:
 
 
 
 
 
 
Adjusted weighted-average shares outstanding
 
20,810

 
20,895

 
20,679

Basic EPS
 
$
2.04

 
$
0.96

 
$
1.21

Diluted EPS
 
$
2.00

 
$
0.94

 
$
1.19


SARs with grants in excess of the average annual share price totaling 329,000 in 2014, 368,000 in 2013, and 465,000 in 2012 were excluded from the diluted EPS calculation as their effect would have been anti-dilutive.