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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2015
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,

 

 

 

2015

 

2014

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

Net income

 

$
10,395 

 

$
9,808 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 
34,827 

 
41,915 

 

Dilutive effect of employee stock options and awards

 
652 

 
562 

 

Weighted average shares outstanding - diluted

 
35,479 

 
42,477 

 

 

 

 

 

 

 

Basic earnings per share

 

$
0.30 

 

$
0.23 

 

Diluted earnings per share

 

$
0.29 

 

$
0.23 

 

 

A total of 13,472 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2015, as their effect was antidilutive, compared to 23,624 for the three months ended March 31, 2014.