Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	38,558	$	29,683	$	108,844	$	86,560
Less: Net earnings allocated to restricted stock		96		107		298		325

Net earnings allocated to common shareholders	$	38,462	$	29,576	$	108,546	$	86,235

Weighted average shares outstanding		126,574		109,754		115,533		109,280
Basic earnings per common share	$	0.30	$	0.27	$	0.94	$	0.79


Diluted earnings per common share:
Net income allocated to common shareholders		38,462		29,576		108,546		86,235

Weighted average shares outstanding		126,574		109,754		115,533		109,280
Incremental shares from assumed exercise of outstanding options		363		365		397		392

Diluted weighted average shares outstanding		126,937		110,119		115,930		109,672
Diluted earnings per common share	$	0.30	$	0.27	$	0.94	$	0.79