Basic

Net earnings

$

13,303

$

24,779

$

25,964

$

47,890

Deduct preferred stock dividends paid

-

6

12

Undistributed net earnings

13,303

24,773

25,952

47,878

Earnings attributable to participating preferred shareholders

16

28

31

53

Earnings attributable to common shareholders

$

13,287

$

24,745

$

25,921

$

47,825

Weighted average common shares outstanding

6,915

7,445

6,938

7,521

Basic earnings per common share

$

1.92

$

3.32

$

3.74

$

6.36

Diluted

Earnings attributable to common shareholders

$

13,287

$

24,745

$

25,921

$

47,825

Add dividends on convertible preferred stock

5

10

Earnings attributable to common stock on a diluted basis

$

13,292

$

24,750

$

25,931

$

47,835

Weighted average common shares outstanding - basic

6,915

7,445

6,938

7,521

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,982

7,512

7,005

7,588

Diluted earnings per common share

$

1.90

$

3.29

$

3.70

$

6.30