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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Net income
$
75,850

 
$
77,381

 
$
221,090

 
$
205,273

Less: Preferred stock dividends
2,016

 
2,016

 
6,047

 
6,047

Net income available to common shareholders
73,834

 
75,365

 
215,043

 
199,226

Less: Earnings allocated to participating securities
260

 
285

 
744

 
758

Net earnings allocated to common stock
$
73,574

 
$
75,080

 
$
214,299

 
$
198,468

 
 
 
 
 
 
 
 
Distributed earnings allocated to common stock
$
33,030

 
$
32,113

 
$
98,674

 
$
94,534

Undistributed earnings allocated to common stock
40,544

 
42,967

 
115,625

 
103,934

Net earnings allocated to common stock
$
73,574

 
$
75,080

 
$
214,299

 
$
198,468

 
 
 
 
 
 
 
 
Weighted-average shares outstanding for basic earnings per common share
62,628,725

 
62,939,149

 
62,945,595

 
61,738,831

Dilutive effect of stock compensation
690,041

 
933,479

 
736,197

 
913,774

Weighted-average shares outstanding for diluted earnings per common share
63,318,766

 
63,872,628

 
63,681,792

 
62,652,605