Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Reconciliation of component parts of earnings per share

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

(In thousands except per share data)	For the three months ended September 30:				For the nine months ended September 30:
	2015		2014		2015		2014
Net income	$	10,616		10,714	$	32,058		33,533
Less: Net income allocated to participating securities		-		12		-		38
Net income allocated to common shareholders	$	10,616		10,702	$	32,058		33,495
Basic EPS:
Distributed earnings allocated to common stock	$	6,244		6,220	$	18,710		18,639
Undistributed earnings allocated to common stock		4,372		4,482		13,348		14,856
Net income allocated to common shareholders	$	10,616		10,702	$	32,058		33,495
Weighted average common shares outstanding including participating securities		95,149		94,734		95,051		94,668
Less: Participating securities		-		106		-		106
Weighted average common shares		95,149		94,628		95,051		94,562
Basic EPS	$	0.112		0.113	$	0.337		0.354
Diluted EPS:
Net income allocated to common shareholders	$	10,616		10,702	$	32,058		33,495
Weighted average common shares for basic EPS		95,149		94,628		95,051		94,562
Effect of Dilutive Securities:
Stock Options		85		124		116		123
Weighted average common shares including potential dilutive shares		95,234		94,752		95,167		94,685
Diluted EPS	$	0.111		0.113	$	0.337		0.354