Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

11. Earnings Per Share

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

	Year Ended December 31,
	2013		2012			2011
	(In thousands, except per share amounts)
Net income from continuing operations	$	68,563	$	61,784		$	49,447
Net income (loss) from discontinued operations		7,453		(1,715	)		(1,743	)
Net income	$	76,016	$	60,069		$	47,704
Common stock—voting		36,886		36,101			34,420
Common stock—non-voting		—		415			2,586
Basic weighted average shares outstanding		36,886		36,516			37,006
Basic earnings per common share
Income from continuing operations	$	1.86	$	1.69		$	1.34
Income (loss) from discontinued operations		0.20		(0.04	)		(0.05	)
Basic earnings per share	$	2.06	$	1.65		$	1.29
Weighted average shares outstanding		36,886		36,516			37,006
Dilutive effect of stock options and restricted stock		1,002		1,300			2,602
Diluted weighted average shares outstanding		37,888		37,816			39,608
Diluted earnings per common share
Income from continuing operations	$	1.81	$	1.64		$	1.25
Income (loss) from discontinued operations		0.20		(0.05	)		(0.05	)
Diluted earnings per share	$	2.01	$	1.59		$	1.20

Stock options and restricted stock totaling 0.2 million shares, 0.1 million shares and 0.3 million shares for the years ended December 31, 2013, 2012 and 2011, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.