Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share

9.  Earnings Per Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income

$

9,837

 

 

$

22,396

 

 

$

21,026

 

 

$

49,014

 

Less portion allocated to nonvested shares

 

100

 

 

 

275

 

 

 

219

 

 

 

556

 

Net income allocated to common shares

$

9,737

 

 

$

22,121

 

 

$

20,807

 

 

$

48,458

 

Weighted average common shares outstanding

 

75,605

 

 

 

75,223

 

 

 

75,581

 

 

 

75,215

 

Basic and diluted earnings per common share

$

0.13

 

 

$

0.29

 

 

$

0.28

 

 

$

0.64

 

Shares excluded due to being anti-dilutive (weighted-average)

 

 

 

 

859

 

 

 

 

 

 

864