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Equity and Earnings Per Share Reconciliation (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.

 

     For the Year Ended December 31,  
     2012      2011      2010  
     (In thousands, except per share amounts)  

Earnings per common share:

        

Net earnings

   $ 77,280       $ 81,733       $ 62,935   

Less: Net earnings allocated to restricted stock

     247         292         217   
  

 

 

    

 

 

    

 

 

 

Net earnings allocated to common shareholders (numerator)

   $ 77,033       $ 81,441       $ 62,718   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding (denominator)

     104,419         105,143         105,880   

Earnings per common share

   $ 0.74       $ 0.77       $ 0.59   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share:

        

Net income allocated to common shareholders (numerator)

   $ 77,033       $ 81,441       $ 62,718   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding

     104,419         105,143         105,880   

Incremental shares from assumed exercise of outstanding options

     239         80         246   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding (denominator)

     104,658         105,223         106,126   

Diluted earnings per common share

   $ 0.74       $ 0.77       $ 0.59