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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
EARNINGS PER SHARE

16.  EARNINGS PER SHARE

 

The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

Net income

 

$

9,808

 

$

137,309

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

41,915

 

41,816

 

Dilutive effect of employee stock options and awards

 

562

 

447

 

Dilutive effect of deferred salary restricted stock units

 

—

 

5

 

Dilutive effect of Treasury warrants

 

—

 

29

 

Weighted average shares outstanding - diluted

 

42,477

 

42,297

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.23

 

$

3.28

 

Diluted earnings per share

 

$

0.23

 

$

3.25

 

 

A total of 23,624 and 26,256 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2014 and 2013, respectively, as their effect was antidilutive.