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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three and six months ended June 30, 2015 and 2014.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
23,312

 
23,298

 
23,377

 
23,318

Dilutive effect of contingently convertible notes and warrants
 

 
2,937

 

 
2,513

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
3

 
7

 
3

 
6

Weighted average dilutive common shares outstanding
 
23,315

 
26,242

 
23,380

 
25,837

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
46,310

 
$
16,862

 
$
82,124

 
$
48,165

Less: Earnings allocated to participating securities
 
1,792

 
675

 
3,176

 
1,923

 Earnings available to basic common shares
 
$
44,518

 
$
16,187

 
$
78,948

 
$
46,242

 Basic earnings per common share
 
$
1.91

 
$
0.70

 
$
3.38

 
$
1.98

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
46,310

 
$
16,862

 
$
82,124

 
$
48,165

Less: Earnings allocated to participating securities
 
1,792

 
619

 
3,176

 
1,773

 Earnings available to diluted common shares
 
$
44,518

 
$
16,243

 
$
78,948

 
$
46,392

 Diluted earnings per common share
 
$
1.91

 
$
0.62

 
$
3.38

 
$
1.80