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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

12,335

 

$

9,150

 

$

22,730

 

$

18,958

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

31,525

 

36,117

 

33,167

 

39,000

 

Dilutive effect of employee stock options and awards

 

428

 

539

 

421

 

405

 

Weighted average shares outstanding - diluted

 

31,953

 

36,656

 

33,588

 

39,405

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.39

 

$

0.25

 

$

0.69

 

$

0.49

 

Diluted earnings per share

 

$

0.39

 

$

0.25

 

$

0.68

 

$

0.48

 

 

A total of 12,996 potentially dilutive securities have been excluded from the dilutive share calculation for the three and six months ended June 30, 2015, as their effect was antidilutive, compared to 22,864 for the three and six months ended June 30, 2014.