Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

Computation Of Basic And Diluted Earnings (Loss) Per Common Share

The following is a computation of basic and diluted earnings per common share for the three and six months ended June 30, 2016 and 2015:



(in thousands, except per share data)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
NUMERATORS:
Net income	$	54,287	$	54,784	$	101,856	$	101,913
Less:
Dividends and undistributed earnings allocated to participating securities (1)	32		93		61		177
Net earnings available to common shareholders	$	54,255	$	54,691	$	101,795	$	101,736
DENOMINATORS:
Weighted average number of common shares outstanding - basic	220,421		220,463		220,324		220,406
Effect of potentially dilutive common shares (2)	486		687		677		682
Weighted average number of common shares outstanding - diluted	220,907		221,150		221,001		221,088
EARNINGS PER COMMON SHARE:
Basic	$	0.25	$	0.25	$	0.46	$	0.46
Diluted	$	0.25	$	0.25	$	0.46	$	0.46


(1)	Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.


(2)	Represents the effect of the assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.

Schedule Of Weighted Average Outstanding Securities Not Included In The Computation Of Diluted Earnings Per Common Share

The following table presents the weighted average outstanding securities that were not included in the computation of diluted earnings per common share because their effect would be anti-dilutive for the three and six months ended June 30, 2016 and 2015.



(in thousands)	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2016	2015	2016	2015
Stock options	50	82	107	116
Restricted Stock	1	—	—	—