Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 15. Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period presented. Diluted earnings per share is computed by including the net increase in shares as if dilutive outstanding stock options were exercised and restricted stock awards were vested, using the treasury stock method.

Basic and diluted earnings per share has been computed based on the following:

	Years ended
(Dollars in thousands, except per share data)	December 31, 2013		December 31, 2012	December 31, 2011
Net income available to common stockholders, basic and diluted	$	95,644	75,516	17,471
Average outstanding shares - basic	73,191,713		71,928,570	71,915,073
Add: dilutive stock options and awards	68,565		86	—
Average outstanding shares - diluted	73,260,278		71,928,656	71,915,073
Basic earnings per share	$	1.31	1.05	0.24
Diluted earnings per share	$	1.31	1.05	0.24

There were 38,915, 879,525 and 1,567,561 options excluded from the diluted average outstanding share calculation for December 31, 2013, 2012, and 2011, respectively, due to the option exercise price exceeding the market price of the Company’s common stock.