Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

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:

	Three Months ended
(Dollars in thousands, except per share data)	March 31, 2014		March 31, 2013
Net income available to common stockholders, basic and diluted	$	26,730	20,768
Average outstanding shares - basic	74,437,393		71,965,665
Add: dilutive stock options and awards	43,425		47,512
Average outstanding shares - diluted	74,480,818		72,013,177
Basic earnings per share	$	0.36	0.29
Diluted earnings per share	$	0.36	0.29

There were 0 and 152,559 options excluded from the diluted average outstanding share calculation for the three months ended March 31, 2014 and 2013, respectively, due to the option exercise price exceeding the market price of the Company’s common stock.