Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

A reconciliation of the component parts of earnings per share for the three months and six months ended June 30, 2015 and 2014 is as follows:

(In thousands except per share data)	For the three months ended June 30:				For the six months ended June 30:
	2015		2014		2015		2014

Net income	$	10,727		11,808	$	21,442		22,819
Less: Net income allocated to participating securities		-		13		-		26
Net income allocated to common shareholders	$	10,727		11,795	$	21,442		22,793
Basic EPS:
Distributed earnings allocated to common stock	$	6,238		6,213	$	12,466		12,419
Undistributed earnings allocated to common stock		4,489		5,582		8,976		10,374
Net income allocated to common shareholders	$	10,727		11,795	$	21,442		22,793
Weighted average common shares outstanding including participating securities		95,056		94,665		95,002		94,642
Less: Participating securities		-		106		-		106
Weighted average common shares		95,056		94,559		95,002		94,536

Basic EPS	$	0.113		0.125	$	0.226		0.241

Diluted EPS:
Net income allocated to common shareholders	$	10,727		11,795	$	21,442		22,793
Weighted average common shares for basic EPS		95,056		94,559		95,002		94,536
Effect of Dilutive Securities:
Stock Options		134		116		130		122
Weighted average common shares including potential dilutive shares		95,190		94,675		95,132		94,658

Diluted EPS	$	0.113		0.125	$	0.225		0.241