XML 102 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic earnings per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based payment awards that contain nonforfeitable rights to dividends.
(In thousands, except per share amounts)
2014
 
2013
 
2012
Net income attributable to continuing operations
$
87,447

 
$
85,858

 
$
87,557

Preferred stock dividends
(41
)
 
(41
)
 
(41
)
Income from continuing operations available to common equity
87,406

 
85,817

 
87,516

Dividends and undistributed earnings allocated to participating securities
(546
)
 
(643
)
 
(836
)
Income from continuing operations available to common shareholders
86,860

 
85,174

 
86,680

 
 
 
 
 
 
Net income attributable to discontinued operations
$
1,059

 
$
2,389

 
$
3,080

Preferred stock dividends
(1
)
 
(1
)
 
(1
)
Income from discontinued operations available to common equity
1,058

 
2,388

 
3,079

Dividends and undistributed earnings allocated to participating securities
(7
)
 
(18
)
 
(29
)
Income from discontinued operations available to common shareholders
1,051

 
2,370

 
3,050

 
 
 
 
 
 
Basic weighted-average shares outstanding
37,138

 
36,868

 
36,564

Stock options and other stock compensation
590

 
582

 
478

Diluted weighted-average shares outstanding
37,728

 
37,450

 
37,042

Antidilutive stock options
—

 
15

 
744

 
 
 
 
 
 
Earnings per share attributable to continuing operations:
 
 
 
 
 
  Basic
$2.34
 
$2.31
 
$2.37
  Diluted
$2.30
 
$2.28
 
$2.34
 
 
 
 
 
 
Earnings per share attributable to discontinued operations:
 
 
 
 
 
  Basic
$0.03
 
$0.06
 
$0.08
  Diluted
$0.03
 
$0.06
 
$0.08