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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
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,

 

 

 

2014

 

 

 

2013

 

 

 

2014

 

 

 

2013

 

 

(In thousands, except per share amounts)

 

Net income from continuing operations

$

17,504

 

 

$

18,259

 

 

$

53,170

 

 

$

53,093

 

(Loss) from discontinued operations

 

 

 

 

(46

)

 

 

 

 

 

(210

)

Net income

$

17,504

 

 

$

18,213

 

 

$

53,170

 

 

$

52,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

36,856

 

 

 

36,919

 

 

 

36,997

 

 

 

36,854

 

Basic earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

0.47

 

 

$

0.49

 

 

$

1.44

 

 

$

1.44

 

(Loss) from discontinued operations

 

 

 

 

 

 

 

 

 

 

(0.01

)

Basic earnings per share

$

0.47

 

 

$

0.49

 

 

$

1.44

 

 

$

1.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

36,856

 

 

 

36,919

 

 

 

36,997

 

 

 

36,854

 

Dilutive effect of stock options and restricted stock

 

949

 

 

 

1,046

 

 

 

950

 

 

 

966

 

Diluted weighted average shares outstanding

 

37,805

 

 

 

37,965

 

 

 

37,947

 

 

 

37,820

 

Diluted earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

0.46

 

 

$

0.48

 

 

$

1.40

 

 

$

1.41

 

(Loss) from discontinued operations

 

 

 

 

 

 

 

 

 

 

(0.01

)

Diluted earnings per share

$

0.46

 

 

$

0.48

 

 

$

1.40

 

 

$

1.40