XML 63 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except per share data)
Net income
$
12,206

 
$
8,230

 
$
34,936

 
$
27,188

 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
31,331

 
35,863

 
32,548

 
37,943

Dilutive effect of employee stock options and awards
419

 
490

 
384

 
497

Weighted average shares outstanding - diluted
31,750

 
36,353

 
32,932

 
38,440

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.39

 
$
0.23

 
$
1.07

 
$
0.72

Diluted earnings per share
$
0.38

 
$
0.23

 
$
1.06

 
$
0.71


 
A total of 12,532 potentially dilutive securities have been excluded from the dilutive share calculation for the three and nine months ended September 30, 2015, as their effect was antidilutive, compared to 13,864 for the three and nine months ended September 30, 2014.