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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | Note 12 — Earnings Per Share Earnings per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in earnings, excluding common shares in treasury. Unvested restricted stock is excluded from the calculation of weighted-average common shares for basic EPS. For diluted EPS, weighted-average common shares include the impact of restricted stock under the treasury method. The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:
|  | 2014 |  |  | 2013 |
|  | (Numerator) |  |  | (Denominator) |  |  |  |  |  | (Numerator) |  |  | (Denominator) |  |  |  |
|  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share Amount |  |  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share Amount |
|  |  |  |  | (In thousands, except share and per share data) |  |  |  |
Three months ended June 30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 11,509 |  |  |  | 31,681,033 |  |  | $ | 0.36 |  |  | $ | 9,327 |  |  |  | 31,590,760 |  |  | $ | 0.30 |
(Loss) income from discontinued operations, net of taxes |  |  | (467 | ) |  |  | 31,681,033 |  |  |  | (0.01 | ) |  |  | 160 |  |  |  | 31,590,760 |  |  |  | — |
Basic EPS |  | $ | 11,042 |  |  |  | 31,681,033 |  |  | $ | 0.35 |  |  | $ | 9,487 |  |  |  | 31,590,760 |  |  | $ | 0.30 |
Effect of dilutive securities—options, warrants and unvested restricted stock |  |  | — |  |  |  | 293,220 |  |  |  | — |  |  |  | — |  |  |  | 65,228 |  |  |  | — |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 11,509 |  |  |  | 31,974,253 |  |  | $ | 0.36 |  |  | $ | 9,327 |  |  |  | 31,655,988 |  |  | $ | 0.30 |
(Loss) income from discontinued operations, net of taxes |  |  | (467 | ) |  |  | 31,974,253 |  |  |  | (0.01 | ) |  |  | 160 |  |  |  | 31,655,988 |  |  |  | — |
Diluted EPS |  | $ | 11,042 |  |  |  | 31,974,253 |  |  | $ | 0.35 |  |  | $ | 9,487 |  |  |  | 31,655,988 |  |  | $ | 0.30 |
Six months ended June 30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 22,477 |  |  |  | 31,670,436 |  |  | $ | 0.71 |  |  | $ | 19,456 |  |  |  | 31,565,013 |  |  | $ | 0.62 |
(Loss) income from discontinued operations, net of taxes |  |  | (444 | ) |  |  | 31,670,436 |  |  |  | (0.01 | ) |  |  | 89 |  |  |  | 31,565,013 |  |  |  | — |
Basic EPS |  | $ | 22,033 |  |  |  | 31,670,436 |  |  | $ | 0.70 |  |  | $ | 19,545 |  |  |  | 31,565,013 |  |  | $ | 0.62 |
Effect of dilutive securities—options, warrants and unvested restricted stock |  |  | — |  |  |  | 279,877 |  |  |  | — |  |  |  | — |  |  |  | 68,522 |  |  |  | — |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 22,477 |  |  |  | 31,950,313 |  |  | $ | 0.70 |  |  | $ | 19,456 |  |  |  | 31,633,535 |  |  | $ | 0.62 |
(Loss) income from discontinued operations, net of taxes |  |  | (444 | ) |  |  | 31,950,313 |  |  |  | (0.01 | ) |  |  | 89 |  |  |  | 31,633,535 |  |  |  | — |
Diluted EPS |  | $ | 22,033 |  |  |  | 31,950,313 |  |  | $ | 0.69 |  |  | $ | 19,545 |  |  |  | 31,633,535 |  |  | $ | 0.62 |
For the three months ended June 30, 2014 and 2013, stock options totaling 88,975 and 74,275, respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive. For the six months ended June 30, 2014 and 2013, stock options totaling 58,975 and 74,275, respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive.

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