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Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Attributable to Common Shareholders and Weighted Average Common Shares Outstanding
The computations of basic and diluted earnings per share are as follows:
 
Third Quarter
 
First Nine Months
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Numerator:
 
 
 
 
 
 
 
Consolidated net income
$
5,239

 
$
12,897

 
$
28,994

 
$
19,137

Less: Net loss (income) attributable to noncontrolling interest
(12
)
 
(1,067
)
 
(611
)
 
(2,815
)
Earnings available for diluted earnings per share
$
5,227

 
$
11,830

 
$
28,383

 
$
16,322

Less: Undistributed net income allocated to participating securities
(947
)
 

 
(5,151
)
 

Earnings available to common shareholders for basic earnings per share
$
4,280

 
$
11,830

 
$
23,232

 
$
16,322

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding — basic
35,498

 
35,410

 
35,437

 
35,341

Weighted average common shares upon conversion of participating securities (a)
7,857

 

 
7,857

 

Dilutive effect of stock options, restricted stock and equity-settled awards
513

 
662

 
456

 
608

Total weighted average shares outstanding — diluted
43,868

 
36,072

 
43,750

 
35,949

Anti-dilutive awards excluded from diluted weighted average shares
1,959

 
1,764

 
2,171

 
2,022

_____________________
(a) 
Our earnings per share calculation reflects the weighted average shares issuable upon settlement of the prepaid stock purchase contract component of our 6.00% tangible equity units, issued November 27, 2013.