EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

EARNINGS PER SHARE

Schedule of earnings per share

	Three Months Ended March 31,
(In thousands, except per share data)	2015		2014
Net income/(loss)	$	8,759	$	(1,106	)
Average number of common shares issued	26,525		26,525
Less: average number of treasury shares	1,295		1,425
Less: average number of unvested stock award shares	427		402
Average number of basic common shares outstanding	24,803		24,698
Plus: dilutive effect of unvested stock award shares	89		—
Plus: dilutive effect of stock options outstanding	63		—
Average number of diluted common shares outstanding	24,955		24,698
Earnings per share:
Basic	$	0.35	$	(0.04	)
Diluted	$	0.35	$	(0.04	)