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Earnings per Share
 6 Months Ended
Jun. 30, 2015
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.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share amounts)
 
2015
 
2014
 
2015
 
2014
Net income attributable to continuing operations
 
$
23,722

 
$
22,132

 
$
33,038

 
$
35,654

Preferred stock dividends
 
(10
)
 
(10
)
 
(20
)
 
(20
)
Income from continuing operations available to common equity
 
23,712

 
22,122

 
33,018

 
35,634

Dividends and undistributed earnings allocated to participating securities
 
(68
)
 
(137
)
 
(96
)
 
(227
)
Income from continuing operations available to common shareholders
 
23,644

 
21,985

 
32,922

 
35,407

 
 
 
 
 
 
 
 
 
Net income attributable to discontinued operations
 
$
576

 
$
356

 
$
942

 
$
860

Preferred stock dividends
 
—

 
—

 
—

 
—

Income from discontinued operations available to common equity
 
576

 
356

 
942

 
860

Dividends and undistributed earnings allocated to participating securities
 
(2
)
 
(2
)
 
(3
)
 
(6
)
Income from discontinued operations available to common shareholders
 
574

 
354

 
939

 
854

 
 
 
 


 
 
 
 
Basic weighted-average shares outstanding
 
37,351

 
37,128

 
37,323

 
37,072

Stock options and other stock compensation
 
475

 
591

 
484

 
597

Diluted weighted-average shares outstanding
 
37,826

 
37,719

 
37,807

 
37,669

Antidilutive stock options
 
492

 
—

 
492

 
—

 
 
 
 
 
 
 
 
 
Earnings per share attributable to continuing operations:
 
 
 
 
 
 
 
 
Basic
 
$0.63
 
$0.59
 
$0.88
 
$0.96
Diluted
 
$0.62
 
$0.58
 
$0.87
 
$0.94
 
 


 


 
 
 
 
Earnings per share attributable to discontinued operations:
 
 
 
 
 
 
 
 
Basic
 
$0.02
 
$0.01
 
$0.03
 
$0.02
Diluted
 
$0.01
 
$0.01
 
$0.03
 
$0.02