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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2013     2012     2013     2012  
     (In thousands, except per share amounts)  

Net income from continuing operations

   $ 18,259      $ 13,708      $ 53,093      $ 40,857   

Net (loss) from discontinued operations

     (46     (226     (210     (1,253
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 18,213      $ 13,482      $ 52,883      $ 39,604   
  

 

 

   

 

 

   

 

 

   

 

 

 

Common stock—voting

     36,919        36,500        36,854        35,968   

Common stock—non-voting

     —          —          —          553   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic weighted average shares outstanding

     36,919        36,500        36,854        36,521   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

        

Income from continuing operations

   $ 0.49      $ 0.38      $ 1.44      $ 1.12   

(Loss) from discontinued operations

     —          (0.01     (0.01     (0.04
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share

   $ 0.49      $ 0.37      $ 1.43      $ 1.08   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding

     36,919        36,500        36,854        36,521   

Dilutive effect of stock options and restricted stock

     1,046        1,041        966        1,371   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average shares outstanding

     37,965        37,541        37,820        37,892   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

        

Income from continuing operations

   $ 0.48      $ 0.37      $ 1.41      $ 1.08   

(Loss) from discontinued operations

     —          (0.01   $ (0.01     (0.03
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

   $ 0.48      $ 0.36      $ 1.40      $ 1.05