Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Earnings Per Common Share Reconciliation

The table below summarizes earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	27,886	$	24,295	$	70,532	$	78,440
Less: Net earnings allocated to restricted stock		149		134		371		409

Net earnings allocated to common shareholders	$	27,737	$	24,161	$	70,161	$	78,031

Weighted average shares outstanding		105,783		104,875		105,672		105,218
Basic earnings per common share	$	0.26	$	0.23	$	0.66	$	0.74


Diluted earnings per common share:
Net income allocated to common shareholders	$	27,737	$	24,161	$	70,161	$	78,031

Weighted average shares outstanding		105,783		104,875		105,672		105,218
Incremental shares from assumed exercise of outstanding options		498		531		467		542

Diluted weighted average shares outstanding		106,281		105,406		106,139		105,760
Diluted earnings per common share	$	0.26	$	0.23	$	0.66	$	0.74