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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017 and 2016.
 
 
Three Months Ended March 31,
 
 
2017
 
2016
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
20,692

 
22,448

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
6

 
5

Weighted average dilutive common shares outstanding
 
20,698

 
22,453

Basic:
 
 
 
 
Net Income
 
$
33,939

 
$
34,291

Less: Earnings allocated to participating securities
 
1,250

 
1,348

 Earnings available to basic common shares
 
$
32,689

 
$
32,943

 Basic earnings per common share
 
$
1.58

 
$
1.47

Diluted:
 
 
 
 
Net Income
 
$
33,939

 
$
34,291

Less: Earnings allocated to participating securities
 
1,250

 
1,348

 Earnings available to diluted common shares
 
$
32,689

 
$
32,943

 Diluted earnings per common share
 
$
1.58

 
$
1.47