Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

3. EARNINGS PER SHARE

Basic earnings per share are computed using net income and the weighted average number of common shares outstanding for each period presented. Diluted earnings per share are computed in the same manner, except it uses the weighted average number of common shares outstanding plus the effects of the assumed exercise of stock options and the payment of estimated stock awards from other stock-based compensation plans that are outstanding at the end of each period presented. Diluted earnings per share are calculated as follows:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
In thousands, except per share data	2015		2014		2015		2014
Net income	$	2,197	$	1,071	$	30,683	$	38,955
Average common shares outstanding - basic	27,343		27,139		27,322		27,116
Additional shares for stock-based compensation plans outstanding	45		43		56		42
Average common shares outstanding - diluted	27,388		27,182		27,378		27,158
Earnings per share of common stock - basic	$	0.08	$	0.04	$	1.12	$	1.44
Earnings per share of common stock - diluted	$	0.08	$	0.04	$	1.12	$	1.43
Additional information:
Antidilutive shares excluded from net income per diluted common share calculation	35		39		27		28