Earnings per Share

3 Months Ended

Mar. 31, 2015

EARNINGS PER SHARE

The following table reconciles the number of shares used in calculating the basic and diluted earnings per share:



	Three Months Ended March 31,
	Three Months Ended March 31,
(Dollars in thousands, except per-share amounts)	2015		2014
Net income	$	5,656	$	20,350

Basic weighted average shares outstanding	40,801,993		40,561,017
Incremental shares due to:
Performance shares	70,187		60,517
Restricted stock units	12,936		57,740
Stock options	—		2,834
Diluted weighted average shares outstanding	40,885,116		40,682,108

Basic net income per share	$	0.14	$	0.50
Diluted net income per share	$	0.14	$	0.50

Antidilutive shares excluded from the calculation:
Performance shares	41,242		69,054
Restricted stock units	14,745		—
Total antidilutive shares excluded from the calculation	55,987		69,054

The entire disclosure for earnings per share.