Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Reconciles Numerator and Denominator of Basic and Diluted Earnings Per Share Computations for Net Income

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted earnings per share computations for net income for the periods presented (in thousands, except per share data):


	Year Ended December 31,
	2013			2012			2011
Numerator for EPS:
Net income	$	58,977		$	30,312		$	20,109
Less: Preferred stock dividends		(29	)		(287	)		(20	)

Income available to common stockholders	$	58,948		$	30,025		$	20,089


Denominator for EPS:
Weighted average common shares outstanding		35,866			39,614			39,184
Plus: Assumed conversion of stock-based compensation (1)		1,531			513			770
Assumed conversion of preferred stock		379			489			488

Weighted average diluted common shares outstanding		37,776			40,616			40,442


Basic earnings per common share	$	1.64		$	0.76		$	0.51
Diluted earnings per common share	$	1.56		$	0.75		$	0.50

Weighted average number of antidilutive shares		518			818			2,553

(1)	Represents the dilutive effect of unvested restricted stock and unexercised stock options.