EARNINGS PER SHARE

The following table presents the calculation of basic and diluted EPS:



	At June 30,
(Dollars in thousands, except per share data)	2017			2016			2015
Earnings Per Common Share¹
Net income	$	134,740		$	119,291		$	82,682
Preferred stock dividends	(309		)	(309		)	(309		)
Net income attributable to common shareholders	$	134,431		$	118,982		$	82,373
Average common shares issued and outstanding	63,358,886			62,909,411			59,939,844
Average unvested restricted stock grant and RSU shares	1,491,228			1,355,796			1,238,064
Total qualifying shares	64,850,114			64,265,207			61,177,908
Earnings per common share	$	2.07		$	1.85		$	1.35
Diluted Earnings Per Common Share¹
Net income attributable to common shareholders	$	134,431		$	118,982		$	82,373
Dilutive net income attributable to common shareholders	$	134,431		$	118,982		$	82,373
Average common shares issued and outstanding	64,850,114			64,265,207			61,177,908
Dilutive effect of stock options	—			5,845			226,456
Total dilutive common shares issued and outstanding	64,850,114			64,271,052			61,404,364
Diluted earnings per common share	$	2.07		$	1.85		$	1.34

¹ Amounts have been retroactively restated for the fiscal year ended June 30, 2015 to reflect the four-for-one forward split of the Company’s common stock effected in the form of a stock dividend that was distributed on November 17, 2015.