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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share  
Earnings Per Share

 

(11) Earnings Per Share

 

The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

 

 

 

March 31,

 

 

 

2015

 

2014

 

Three Months Ended

 

 

 

 

 

Net income for basic and diluted earnings per share

 

$
16,733 

 

$
13,620 

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

Average common shares used in basic computation

 
34,268 

 
36,081 

 

Effect of dilutive securities

 
1,183 

 
1,104 

 

Average common shares used in diluted computation

 
35,451 

 
37,185 

 

Earnings per share:

 

 

 

 

 

Basic

 

$
0.49 

 

$
0.38 

 

Diluted

 

$
0.47 

 

$
0.37 

 

 

Earnings per share computations for the three months ended March 31, 2014 did not include anti-dilutive equity awards of approximately 0.3 million shares. There are no anti-dilutive equity awards for the three months ended March 31, 2015.