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Earnings Per Share Reconciliation (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share Reconciliation

The table below summarizes 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 Thee Months Ended March 31,  
     2015      2014  
     (In thousands, except per share amounts)  

Earnings per common share:

     

Net earnings

   $ 15,833       $ 28,661   

Less: Net earnings allocated to restricted stock

     81         127   
  

 

 

    

 

 

 

Net earnings allocated to common shareholders

$ 15,752    $ 28,534   
  

 

 

    

 

 

 

Weighted average shares outstanding

  105,523      105,192   

Basic earnings per common share

$ 0.15    $ 0.27   
  

 

 

    

 

 

 

Diluted earnings per common share:

Net income allocated to common shareholders

$ 15,752    $ 28,534   
  

 

 

    

 

 

 

Weighted average shares outstanding

  105,523      105,192   

Incremental shares from assumed exercise of outstanding options

  436      599   
  

 

 

    

 

 

 

Diluted weighted average shares outstanding

  105,959      105,791   

Diluted earnings per common share

$ 0.15    $ 0.27