Note 18 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 18: Earnings Per Common Share

The table below shows earnings per common share and diluted earnings per common share. Basic earnings per common share are computed by dividing net income by the average number of common shares outstanding during the period. Diluted earnings per common share are computed by dividing net income by the average number of common shares outstanding during the period plus the impact of common stock equivalents.

	2013		2012		2011
	(In thousands, except per share data)
Net income (numerator)	$	67,177	$	81,127	$	87,888
Basic earnings per common share
Weighted average number of common shares outstanding — basic (denominator)		26,826		27,654		28,628
Basic earnings per common share	$	2.50	$	2.93	$	3.07
Diluted earnings per common share
Weighted average number of common shares outstanding — basic		26,826		27,654		28,628
Add exercise of options reduced by the number of shares that could have been purchased with the proceeds of such exercise		51		45		114
Weighted average number of common shares outstanding — diluted (denominator)		26,877		27,699		28,742
Diluted earnings per common share	$	2.50	$	2.93	$	3.06

For the years ended December 31, 2013, 2012, and 2011, options to purchase 1,575 thousand, 2,049 thousand and 1,553 thousand shares of common stock, respectively, were outstanding but not included in the computation of diluted earnings per common share because the option exercise price exceeded the fair value of the stock such that their inclusion would have had an anti-dilutive effect.