Earnings Per Share

6 Months Ended

Jun. 30, 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		Six Months Ended
	June 30,		June 30,
(In Thousands)	2014	2013	2014	2013
Weighted average shares outstanding used to compute basic earnings per share	32,312	32,187	32,277	32,132
Incremental dilutive shares attributable to stock options and restricted stock	329	448	354	426
Shares used to compute diluted earnings per share	32,641	32,635	32,631	32,558

Incremental shares attributable to stock options and restricted stock are computed using the average market price during the related period. For the three and six months ended June 30, 2014, 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 227,094 and 170,972, respectively. For the six months ended June 30, 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 30,033 (none for the three months ended June 30, 2013).

- Definition

The entire disclosure for earnings per share.

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