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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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:

 

     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