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Earnings and Dividends Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share (in thousands, except share and per share amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Income from continuing operations attributable to common stockholders
$
19,076

 
$
15,860

 
$
33,904

 
$
33,077

Discontinued operations
844

 
1,068

 
1,759

 
2,201

Net income attributable to common stockholders
$
19,920

 
$
16,928

 
$
35,663

 
$
35,278

 
 
 
 
 
 
 
 
BASIC:
 
 
 
 
 
 
 
Weighted average common shares outstanding
27,876,176

 
27,792,834

 
27,871,120

 
27,784,469

 
 
 
 
 
 
 
 
Income from continuing operations per common share
$
.68

 
$
.57

 
$
1.22

 
$
1.19

Discontinued operations per common share
.03

 
.04

 
.06

 
.08

Net income per common share
$
.71

 
$
.61

 
$
1.28

 
$
1.27

 
 
 
 
 
 
 
 
DILUTED:
 
 
 
 
 
 
 
Weighted average common shares outstanding
27,876,176

 
27,792,834

 
27,871,120

 
27,784,469

Stock options
37,551

 
27,997

 
36,480

 
27,558

Average dilutive common shares outstanding
27,913,727

 
27,820,831

 
27,907,600

 
27,812,027

 
 
 
 
 
 
 
 
Income from continuing operations per common share
$
.68

 
$
.57

 
$
1.21

 
$
1.19

Discontinued operations per common share
.03

 
.04

 
.06

 
.08

Net income per common share
$
.71

 
$
.61

 
$
1.27

 
$
1.27

 
 
 
 
 
 
 
 
Incremental shares excluded since anti-dilutive:
 
 
 
 
 
 
 
Stock options with an exercise price in excess of the average market price for our common shares
16,848

 
11,026

 
10,100

 
14,559

 
 
 
 
 
 
 
 
Dividends declared per common share
$
.735

 
$
.65

 
$
1.43

 
$
1.30