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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,150

 

$

14,267

 

$

18,958

 

$

151,576

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

36,117

 

41,957

 

39,000

 

41,886

 

Dilutive effect of employee stock options and awards

 

539

 

338

 

405

 

318

 

Dilutive effect of deferred salary restricted stock units

 

—

 

—

 

—

 

3

 

Dilutive effect of Treasury warrants

 

—

 

25

 

—

 

28

 

Weighted average shares outstanding - diluted

 

36,656

 

42,320

 

39,405

 

42,235

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.25

 

$

0.34

 

$

0.49

 

$

3.62

 

Diluted earnings per share

 

$

0.25

 

$

0.34

 

$

0.48

 

$

3.59

 

 

A total of 22,864 potentially dilutive securities have been excluded from the dilutive share calculation for the three and six months ended June 30, 2014, as their effect was antidilutive, compared to 26,256 for the three and six months ended June 30, 2013.