Earnings Per Share

3 Months Ended

Mar. 31, 2014

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:



	Three Months Ended
	March 31,
(In Thousands)	2014	2013
Weighted average shares outstanding used to compute basic earnings per share	32,242	32,076
Incremental dilutive shares attributable to stock options and restricted stock	379	404
Shares used to compute diluted earnings per share	32,621	32,480

Incremental shares attributable to stock options and restricted stock are computed using the average market price during the related period. During the three months ended March 31, 2014 and 2013 average out-of-the-money options to purchase shares were excluded from the calculation of incremental shares attributable to stock options and restricted stock were 114,850 and 60,067, respectively.

- Definition

The entire disclosure for earnings per share.

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