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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2015
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share:
(Dollars in thousands, |  | Quarters Ended September 30, |  |  | Nine Months Ended September 30, |
except share and per share data) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net income (loss) |  | $ | (3,746 | ) |  | $ | 9,761 |  |  | $ | 14,165 |  |  | $ | 51,792 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding – basic |  |  | 25,463,994 |  |  |  | 25,137,531 |  |  |  | 25,452,991 |  |  |  | 25,126,684 |
Net income (loss) per share |  | $ | (0.15 | ) |  | $ | 0.39 |  |  | $ | 0.56 |  |  | $ | 2.06 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding – diluted |  |  | 25,704,931 |  |  |  | 25,334,716 |  |  |  | 25,684,931 |  |  |  | 25,323,187 |
Net income (loss) per share |  | $ | (0.15 | ) |  | $ | 0.39 |  |  | $ | 0.55 |  |  | $ | 2.05 |
Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share | A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows:
|  | Quarters Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Weighted average shares for basic earnings per share |  |  | 25,463,994 |  |  |  | 25,137,531 |  |  |  | 25,452,991 |  |  |  | 25,126,684 |
Non-vested restricted stock |  |  | 138,261 |  |  |  | 89,114 |  |  |  | 128,942 |  |  |  | 88,710 |
Options |  |  | 102,676 |  |  |  | 108,071 |  |  |  | 102,998 |  |  |  | 107,793 |
Weighted average shares for diluted earnings per share |  |  | 25,704,931 |  |  |  | 25,334,716 |  |  |  | 25,684,931 |  |  |  | 25,323,187 |
Summarizes Options which Deemed to be Anti-dilutive | The following table summarizes options which are deemed to be anti-dilutive at September 30, 2015:
Grant Date |  | Expiration Date |  | Outstanding Options |  |  | Strike Price |
February 9, 2014 |  | February 10, 2024 |  |  | 300,000 |  |  |  | 32.38 |
January 1, 2015 |  | January 1, 2025 |  |  | 200,000 |  |  |  | 28.37 |
November 2, 2005 (1) |  | November 3, 2015 |  |  | 12,500 |  |  |  | 37.70 |
|  |  |  |  | 512,500 |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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