Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Earnings Per Common Share Reconciliation

The table below shows 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,
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	25,448	$	27,886	$	74,353	$	70,532
Less: Net earnings allocated to restricted stock		98		149		305		371

Net earnings allocated to common shareholders	$	25,350	$	27,737	$	74,048	$	70,161

Weighted average shares outstanding		108,984		105,783		107,144		105,672
Basic earnings per common share	$	0.23	$	0.26	$	0.69	$	0.66


Diluted earnings per common share:
Net income allocated to common shareholders	$	25,350	$	27,737	$	74,048	$	70,161

Weighted average shares outstanding		108,984		105,783		107,144		105,672
Incremental shares from assumed exercise of outstanding options		386		498		403		467

Diluted weighted average shares outstanding		109,370		106,281		107,547		106,139
Diluted earnings per common share	$	0.23	$	0.26	$	0.69	$	0.66