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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
Information related to the calculation of earnings per share

 

 

 

 

 

March 31, 2014

 

March 31, 2013

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

48,389

 

$

48,389

 

$

40,029

 

$

40,029

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

65,468

 

65,468

 

66,155

 

66,155

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

2,738

 

--

 

2,133

 

--

 

Restricted stock

 

26

 

--

 

8

 

--

 

Total average equivalent shares

 

68,232

 

65,468

 

68,296

 

66,155

 

Net income per share

 

$

.71

 

$

.74

 

$

.59

 

$

.61