Earnings per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings per Share

19.    Earnings per Share

The following tables set forth the computation of basic and diluted earnings per common share:

Year Ended December 31	2014		2013		2012
Net income	$	144,050	$	117,804	$	110,410
Less: Preferred stock dividends		8,352		—		—
Net income available to common stockholders	$	135,698	$	117,804	$	110,410
Basic weighted average common shares outstanding		167,347,906		146,186,982		139,135,272
Net effect of dilutive stock options, warrants, restricted stock and convertible debt		1,730,939		1,622,522		1,504,893
Diluted weighted average common shares outstanding		169,078,845		147,809,504		140,640,165
Basic earnings per common share	$	0.81	$	0.81	$	0.79
Diluted earnings per common share	$	0.80	$	0.80	$	0.79

For the years ended December 31, 2014, 2013 and 2012, 35,442, 49,995 and 172,709 shares of common stock, respectively, related to stock options and warrants were excluded from the computation of diluted earnings per share because the exercise price of the shares was greater than the average market price of the common shares and therefore, the effect would be antidilutive.