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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
EARNINGS PER SHARE  
Information related to the calculation of earnings per share

 

 

 

Three months ended

 

 

 

June 30, 2013

 

June 30, 2012

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

 

 

 

 

 

 

 

 

 

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

49,802

 

$

49,802

 

$

41,686

 

$

41,686

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

66,420

 

66,420

 

66,580

 

66,580

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

1,682

 

--

 

2,174

 

--

 

Restricted stock

 

4

 

--

 

4

 

--

 

Total average equivalent shares

 

68,106

 

66,420

 

68,758

 

66,580

 

Net income per share

 

$

0.73

 

$

0.75

 

$

0.61

 

$

0.63

 

 

 

 

Six months ended

 

 

 

June 30, 2013

 

June 30, 2012

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

 

 

 

 

 

 

 

 

 

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

89,831

 

$

89,831

 

$

85,495

 

$

85,495

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

66,288

 

66,288

 

66,388

 

66,388

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

2,043

 

--

 

2,543

 

--

 

Restricted stock

 

8

 

--

 

9

 

--

 

Total average equivalent shares

 

68,339

 

66,288

 

68,940

 

66,388

 

Net income per share

 

$

1.31

 

$

1.36

 

$

1.24

 

$

1.29