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

 

 

 

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