Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

The following table sets forth the calculation of EPS for the years ended December 31, 2016, 2015, and 2014:



	Year Ended December 31,
	2016		2015		2014
	(In thousands, except per share amounts)
Weighted average basic common shares outstanding	21,161		23,148		23,380
Dilutive effect of contingently convertible notes and warrants	—		—		1,499
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	9		4		6
Weighted average dilutive common shares outstanding	21,170		23,152		24,885
Basic:
Net income	$	147,065	$	93,999	$	93,004
Less: Earnings allocated to participating securities	5,871		3,595		3,643
Earnings available to basic common shares	$	141,194	$	90,404	$	89,361
Basic earnings per common share	$	6.67	$	3.91	$	3.82
Diluted:
Net income	$	147,065	$	93,999	$	93,004
Less: Earnings allocated to participating securities	5,869		3,595		3,468
Earnings available to diluted common shares	$	141,196	$	90,404	$	89,536
Diluted earnings per common share	$	6.67	$	3.90	$	3.60