XML 27 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table presents the computations of basic and diluted net earnings per share for the periods indicated:
 
Three Months Ended
 
March 31,
 
December 31,
 
March 31,
 
2017
 
2016
 
2016
 
(Dollars in thousands, except per share data)
Basic Earnings Per Share:
 
 
 
 
 
Net earnings
$
78,668

 
$
85,647

 
$
90,456

Less: Earnings allocated to unvested restricted stock(1)
(999
)
 
(1,004
)
 
(1,067
)
Net earnings allocated to common shares
$
77,669

 
$
84,643

 
$
89,389

 
 
 
 
 
 
Weighted-average basic shares and unvested restricted
 
 
 
 
 
stock outstanding
121,346

 
121,464

 
121,598

Less: Weighted-average unvested restricted stock
 
 
 
 
 
outstanding
(1,503
)
 
(1,450
)
 
(1,392
)
Weighted-average basic shares outstanding
119,843

 
120,014

 
120,206

 
 
 
 
 
 
Basic earnings per share
$
0.65

 
$
0.71

 
$
0.74

 
 
 
 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
Net earnings allocated to common shares
$
77,669

 
$
84,643

 
$
89,389

 
 
 
 
 
 
Weighted-average basic shares outstanding
119,843

 
120,014

 
120,206

 
 
 
 
 
 
Diluted earnings per share
$
0.65

 
$
0.71

 
$
0.74


________________________
(1)
Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.