XML 88 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Common Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. The dilutive effect of potential common shares outstanding is included in diluted net earnings per share. The computations of basic net earnings per share and diluted net earnings per share for 2013, 2012 and 2011 are as follows:

 
 
Year ended December 31, 2013
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-share
Amount
 
 
Net income
$
47,129,000

 
 
 
 
 
Basic earnings per common share
$
47,129,000

 
69,206,000

 
$
0.68

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
839,000

 
(0.01
)
 
Diluted earnings per common share
$
47,129,000

 
70,045,000

 
$
0.67

 
 
 
 
 
Year ended December 31, 2012
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-share
Amount
 
 
Net income
$
44,214,000

 
 
 
 
 
Basic earnings per common share
$
44,214,000

 
67,511,000

 
$
0.65

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
974,000

 
—

 
Diluted earnings per common share
$
44,214,000

 
68,485,000

 
$
0.65

 
 
 
 
 
Year ended December 31, 2011
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-share
Amount
 
 
Net income
$
38,156,000

 
 
 
 
 
Basic earnings per common share
$
38,156,000

 
66,637,000

 
$
0.57

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
948,000

 
(0.01
)
 
Diluted earnings per common share
$
38,156,000

 
67,585,000

 
$
0.56



For the years ended December 31, 2013, 2012 and 2011, options to purchase 546,000, 576,000 and 510,000 shares, respectively, were excluded from the computation of diluted earnings per common share as the exercise price of such options were in excess of the average market value of our common stock at the respective year end.