Earnings Per Share

12 Months Ended

Dec. 31, 2015

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,
		2015		2014		2013
	(In thousands, except per share amounts)
Net income from continuing operations	$	96,037	$	74,806	$	68,563
Net income from discontinued operations		—		—		7,453
Net income	$	96,037	$	74,806	$	76,016
Basic weighted average shares outstanding		36,690		36,930		36,886
Dilutive effect of stock options and restricted stock		947		959		1,002
Diluted weighted average shares outstanding		37,637		37,889		37,888
Basic earnings per common share
Income from continuing operations	$	2.62	$	2.03	$	1.86
Income from discontinued operations		—		—		0.20
Basic earnings per share	$	2.62	$	2.03	$	2.06
Diluted earnings per common share
Income from continuing operations	$	2.55	$	1.97	$	1.81
Income from discontinued operations		—		—		0.20
Diluted earnings per share	$	2.55	$	1.97	$	2.01

Stock options and restricted stock totaling 128,383 shares, 66,637 shares and 160,838 shares for the years ended December 31, 2015, 2014 and 2013, 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.