XML 25 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following are the components and results of Customers' earnings per common share calculations for the periods presented.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
(amounts in thousands, except share and per share data)
 
 
 
 
 
 
 
Net income available to common shareholders
$
4,139

 
$
18,655

 
$
46,378

 
$
52,975

 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding - basic
30,739,671

 
27,367,551

 
30,597,314

 
27,131,960

Share-based compensation plans
1,754,480

 
2,205,291

 
2,004,917

 
2,119,717

Warrants
18,541

 
124,365

 
24,392

 
243,531

Weighted-average number of common shares - diluted
32,512,692

 
29,697,207

 
32,626,623

 
29,495,208

 
 
 
 
 
 
 
 
Basic earnings per common share
$
0.13

 
$
0.68

 
$
1.52

 
$
1.95

Diluted earnings per common share
$
0.13

 
$
0.63

 
$
1.42

 
$
1.80



The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive for the periods presented.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Anti-dilutive securities:
 
 
 
 
 
 
 
Share-based compensation awards
409,225

 
616,995

 
409,225

 
616,995

Warrants
52,242

 
52,242

 
52,242

 
52,242

Total anti-dilutive securities
461,467

 
669,237

 
461,467

 
669,237