Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 31, 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

 

 

March 31,

 

 

2014

 

 

2013

 

Net income

$

11,189

 

 

$

26,618

 

Less portion allocated to nonvested shares

 

120

 

 

 

281

 

Net income allocated to common shares

$

11,069

 

 

$

26,337

 

Weighted-average common shares outstanding

 

75,556

 

 

 

75,206

 

 

Basic and diluted earnings per common share

$

0.15

 

 

$

0.35

 

 

Shares excluded as anti-dilutive (weighted-average)

 

—

 

 

 

870