(In thousands, except per share amounts)

2014

2013

2012

Net income as reported

$

99,418

$

88,784

$

75,332

Less: Distributed earnings available to participating securities

—

(35

)

(30

)

Less: Undistributed earnings available to participating securities

—

(16

)

(98

)

Numerator for basic earnings per share —

Undistributed and distributed earnings available to common shareholders

$

99,418

$

88,733

$

75,204

Add: Undistributed earnings allocated to participating securities

—

16

98

Less: Undistributed earnings reallocated to participating securities

—

(16

)

(97

)

Numerator for diluted earnings per share —

Undistributed and distributed earnings available to common shareholders

$

99,418

$

88,733

$

75,205

Denominator for basic earnings per share —

Weighted-average shares

22,543

22,315

21,822

Effect of dilutive securities:

Common stock equivalents

184

222

276

Denominator for diluted earnings per share —

Adjusted for weighted-average shares & assumed conversions

22,727

22,537

22,098

Basic earnings per share

$

4.41

$

3.98

$

3.45

Diluted earnings per share

$

4.37

$

3.94

$

3.40