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Earnings Per Common Share Computations
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share Computations
NOTE 9 — EARNINGS PER COMMON SHARE COMPUTATIONS
The following is a reconciliation of the numerator and denominator of the earnings per common share computations (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator for basic earnings from continuing operations per common share
 
 
 
 
 
 
 
Earnings from continuing operations
$
3,531

 
$
9,208

 
$
60,164

 
$
60,606

Earnings from continuing operations allocated to participating securities
(37
)
 
(193
)
 
(623
)
 
(1,281
)
Numerator for basic earnings from continuing operations per common share
$
3,494

 
$
9,015

 
$
59,541

 
$
59,325

Numerator for basic earnings per common share
 
 
 
 
 
 
 
Net earnings
$
3,531

 
$
9,249

 
$
60,164

 
$
60,605

Net earnings allocated to participating securities
(37
)
 
(195
)
 
(623
)
 
(1,281
)
Numerator for basic net earnings per common share
$
3,494

 
$
9,054

 
$
59,541

 
$
59,324

 
 
 
 
 
 
 
 
Numerator for diluted earnings from continuing operations per common share
$
3,531

 
$
9,208

 
$
60,164

 
$
60,606

 
 
 
 
 
 
 
 
Numerator for diluted earnings per common share
$
3,531

 
$
9,249

 
$
60,164

 
$
60,605

 
 
 
 
 
 
 
 
Denominator for net earnings per common share:
 
 
 
 
 
 
 
Basic
17,020

 
17,328

 
17,322

 
17,269

Plus dilutive effect of stock options
102

 
254

 
167

 
239

Plus dilutive effect of participating securities
181

 
373

 
181

 
373

Diluted
17,303

 
17,955

 
17,670

 
17,881

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Net earnings
$
0.21

 
$
0.52

 
$
3.44

 
$
3.44

Diluted
 
 
 
 
 
 
 
Net earnings from continuing operations
$
0.20

 
$
0.51

 
$
3.40

 
$
3.39

Discontinued operations

 
0.01

 

 

Net earnings
$
0.20

 
$
0.52

 
$
3.40

 
$
3.39