XML 59 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings per Share Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income available to common shareholders and basic and diluted income per share for the three and six months ended June 30, 2015 and 2014:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(In thousands, except per share amounts)
 
2015
 
2014
 
2015
 
2014
NUMERATOR
 
 
 
 
 
 
 
 
Net income
 
$
13,350

 
$
13,554

 
$
22,918

 
$
26,186

Preferred stock dividends
 
(1,219
)
 
(1,219
)
 
(2,438
)
 
(2,438
)
Net income to common shareholders
 
12,131

 
12,335

 
20,480

 
23,748

Interest on 3.25% convertible senior subordinated notes due 2017
 
373

 
383

 
745

 
744

Interest on 3.00% convertible senior subordinated notes due 2018
 
502

 
517

 
1,005

 
1,002

Diluted income available to common shareholders
 
$
13,006

 
$
13,235

 
$
22,230

 
$
25,494

DENOMINATOR
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
24,531

 
24,470

 
24,523

 
24,444

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock option awards
 
243

 
218

 
233

 
228

Deferred compensation awards
 
164

 
140

 
161

 
134

3.25% convertible senior subordinated notes due 2017
 
2,416

 
2,416

 
2,416

 
2,416

3.00% convertible senior subordinated notes due 2018
 
2,669

 
2,669

 
2,669

 
2,669

Diluted weighted average shares outstanding - adjusted for assumed conversions
 
30,023

 
29,913

 
30,002

 
29,891

Earnings per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.49

 
$
0.50

 
$
0.84

 
$
0.97

Diluted
 
$
0.43

 
$
0.44

 
$
0.74

 
$
0.85

Anti-dilutive equity awards not included in the calculation of diluted earnings per common share
 
1,486

 
1,287

 
1,428

 
1,221