Earnings per Share

Basic earnings per share are calculated utilizing net income available for common stockholders divided by the weighted average number of shares of Class A and Class B common stock outstanding for that period:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Basic earnings per share:
Net income available for common stockholders	$	15,161	$	10,378	$	34,250	$	16,935
Weighted average shares of common stock outstanding:
Class A		56,079,713		48,929,248		55,375,829		48,218,472
Class B		100		100		100		100
		56,079,813		48,929,348		55,375,929		48,218,572
Basic earnings per share	$	0.27	$	0.21	$	0.62	$	0.35

Diluted earnings per share are calculated utilizing the Company’s basic net income available for common stockholders divided by diluted weighted average shares outstanding with no adjustments to net income available to common stockholders for potentially dilutive common shares:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Diluted earnings per share:
Net income available for common stockholders	$	15,161	$	10,378	$	34,250	$	16,935
Weighted average shares of common stock outstanding:
Class A:
Issued and outstanding		56,079,713		48,929,248		55,375,829		48,218,472
Potentially dilutive common shares issuable pursuant to employee incentive plans		1,220,417		83,219		1,298,737		135,526
Class B		100		100		100		100
		57,300,230		49,012,567		56,674,666		48,354,098
Diluted earnings per share	$	0.26	$	0.21	$	0.60	$	0.35