Earnings per Share/Capital Stock: (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding used for calculating basic net income per share:




Basic:	For The Three Months Ended September 30,				For The Nine Months Ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Net income	$	21,639	$	21,079	$	48,531	$	48,876
Less: (a) Distributed earnings to common shareholders	8,189		8,326		24,558		24,497
Distributed earnings to participating securities	48		47		141		134
Undistributed earnings	13,402		12,706		23,832		24,245

(b) Undistributed earnings allocated to common shareholders	13,323		12,633		23,696		24,114
Undistributed earnings allocated to participating securities	79		73		136		131

Total income available to common shareholders, basic (a)+(b)	$	21,512	$	20,959	$	48,254	$	48,611

Weighted average Common Shares outstanding, basic	36,561		37,063		36,546		37,653

Basic earnings per Common Share	$	0.59	$	0.57	$	1.32	$	1.29

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding for calculating diluted net income per share:



Diluted:	For The Three Months Ended September 30,				For The Nine Months Ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Common shareholders earnings, basic	$	21,512	$	20,959	$	48,254	$	48,611
Undistributed earnings for dilutive stock-based awards	79		73		136		131
Total common shareholders earnings, diluted	$	21,591	$	21,032	$	48,390	$	48,742

Weighted average common shares outstanding, basic	36,561		37,063		36,546		37,653
Stock-based compensation (1)	201		203		197		200
Weighted average common shares outstanding, diluted	36,762		37,266		36,743		37,853

Diluted earnings per Common Share	$	0.59	$	0.56	$	1.32	$	1.29

(1) In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in the calculation of diluted EPS, 138,060 and 174,306 stock options at September 30, 2016 and 2015, respectively, were deemed to be outstanding in accordance with accounting guidance on earnings per share. All of the 216,733 and 211,406 restricted stock units at September 30, 2016 and 2015, respectively, were included in the calculation of diluted EPS for the nine months ended September 30, 2016 and 2015.