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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2014
EARNINGS PER SHARE  
Schedule of information used to compute basic and diluted earnings per common share

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,230

 

$

10,204

 

$

27,188

 

$

161,780

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

35,863

 

42,028

 

37,943

 

41,934

 

Dilutive effect of employee stock options and awards

 

490

 

393

 

497

 

309

 

Dilutive effect of deferred salary restricted stock units

 

 

 

 

2

 

Dilutive effect of Treasury warrants

 

 

 

 

18

 

Weighted average shares outstanding - diluted

 

36,353

 

42,421

 

38,440

 

42,263

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.23

 

$

0.24

 

$

0.72

 

$

3.86

 

Diluted earnings per share

 

$

0.23

 

$

0.24

 

$

0.71

 

$

3.83