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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three months ended March 31, 2016 and 2015.
 
 
Three Months Ended March 31,
 
 
2016
 
2015
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
22,448

 
23,443

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
5

 
3

Weighted average dilutive common shares outstanding
 
22,453

 
23,446

Basic:
 
 
 
 
Net Income
 
$
34,291

 
$
35,815

Less: Earnings allocated to participating securities
 
1,348

 
1,388

 Earnings available to basic common shares
 
$
32,943

 
$
34,427

 Basic earnings per common share
 
$
1.47

 
$
1.47

Diluted:
 
 
 
 
Net Income
 
$
34,291

 
$
35,815

Less: Earnings allocated to participating securities
 
1,348

 
1,388

 Earnings available to diluted common shares
 
$
32,943

 
$
34,427

 Diluted earnings per common share
 
$
1.47

 
$
1.47