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Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share

Basic earnings per share is based upon the weighted average common shares outstanding during each year.  Diluted earnings per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the three and six months ended June 30, 2014 and June 30, 2013 the Company had shares of restricted stock outstanding related to shares granted under the 2011 Restricted Stock Award Plan. A reconciliation of the numerator (net income) and denominator (weighted average number of shares outstanding of the basic and diluted earnings per share ("EPS")) for the three and six months ended June 30, 2014 and June 30, 2013 is as follows (in thousands, except per share data):

 
Three months ended June 30, 2014
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
26,472

 
87,728

 
$
0.30

Effect of restricted stock

 
172

 
 
Diluted EPS
$
26,472

 
87,900

 
$
0.30


 
Three months ended June 30, 2013
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
19,138

 
84,789

 
$
0.23

Effect of restricted stock

 
250

 
 
Diluted EPS
$
19,138

 
85,039

 
$
0.23


 
Six months ended June 30, 2014
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
40,551

 
87,716

 
$
0.46

Effect of restricted stock

 
192

 
 
Diluted EPS
$
40,551

 
87,908

 
$
0.46


 
Six months ended June 30, 2013
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
38,874

 
84,780

 
$
0.46

Effect of restricted stock

 
262

 
 
Diluted EPS
$
38,874

 
85,042

 
$
0.46