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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

 

2014

 

 

 

2015

 

 

 

2014

 

 

(In thousands, except per share amounts)

 

Net income

$

24,238

 

 

$

18,191

 

 

$

48,831

 

 

$

35,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

36,699

 

 

 

37,015

 

 

 

36,703

 

 

 

37,068

 

Dilutive effect of stock options and restricted stock

 

943

 

 

 

927

 

 

 

931

 

 

 

951

 

Diluted weighted average shares outstanding

 

37,642

 

 

 

37,942

 

 

 

37,634

 

 

 

38,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

0.66

 

 

$

0.49

 

 

$

1.33

 

 

$

0.96

 

Diluted earnings per share

$

0.64

 

 

$

0.48

 

 

$

1.30

 

 

$

0.94