XML 50 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

Numerator:

           

Net income available to common shareholders

   $ 15,161       $ 13,224       $ 27,456       $ 34,793   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Basic weighted average shares outstanding

     32,898,288         34,024,092         33,012,845         33,895,870   

Effect of dilutive securities:

           

SARs and options

     263,532         573,738         283,223         616,944   

Restricted stock

     145,643         186,710         156,746         160,614   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     33,307,463         34,784,540         33,452,814         34,673,428   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.46       $ 0.39       $ 0.83       $ 1.03   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 0.46       $ 0.38       $ 0.82       $ 1.00   
  

 

 

    

 

 

    

 

 

    

 

 

 
Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

Restricted stock and stock options

     —          742         44         33,242   

Stock appreciation rights

     3,340         115,322         2,268         88,414