XML 34 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings per Share/Capital Stock: (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings per Share/Capital Stock:  
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share

 

 

Basic:

 

For The Three Months
Ended March 31,

 

(in thousands, except per share amounts)

 

2013

 

2012

 

Net income

 

$

13,465

 

$

10,115

 

Less: (a)

Distributed earnings to common shareholders

 

6,839

 

5,273

 

 

Distributed earnings to participating securities

 

107

 

35

 

Undistributed earnings

 

6,519

 

4,807

 

 

 

 

 

 

 

(b)

Undistributed earnings allocated to common shareholders

 

6,419

 

4,775

 

 

Undistributed earnings allocated to participating securities

 

100

 

32

 

Total income available to common shareholders, basic (a)+(b)

 

$

13,258

 

$

10,048

 

 

 

 

 

 

 

Weighted average Common Shares outstanding, basic

 

19,265

 

18,831

 

Basic earnings per Common Share

 

$

0.69

 

$

0.53

 

 
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share

 

 

Diluted:

 

For The Three Months
Ended March 31,

 

(in thousands, except per share amounts)

 

2013

 

2012

 

Common shareholders earnings, basic

 

$

13,258

 

$

10,048

 

Undistributed earnings for dilutive stock options

 

—

 

32

 

Total common shareholders earnings, diluted

 

$

13,258

 

$

10,080

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

19,265

 

18,831

 

Stock-based compensation (1)

 

46

 

142

 

Weighted average common shares outstanding, diluted

 

19,311

 

18,973

 

 

 

 

 

 

 

Diluted earnings per Common Share

 

$

0.69

 

$

0.53

 

 

(1)       In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in the calculation of diluted EPS, 176,048 and 456,318  stock options at March 31, 2013 and 2012, respectively, were deemed to be outstanding in accordance with accounting guidance on earnings per share.  All of the 145,208 and 147,078 restricted stock units at March 31, 2013 and 2012, respectively, were included in the calculation of diluted EPS for the three months ended March 31, 2013 and 2012.