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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
Schedule of information used to compute basic and diluted earnings per common share

 

 

 

 

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