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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

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

 

Year Ended December 31    2015      2014      2013  

Net income

   $ 159,649       $ 144,050       $ 117,804   

Less: Preferred stock dividends

     8,041         8,352           
  

 

 

    

 

 

    

 

 

 

Net income available to common stockholders

   $ 151,608       $ 135,698       $ 117,804   
  

 

 

    

 

 

    

 

 

 

Basic weighted average common shares outstanding

     174,971,785         167,347,906         146,186,982   

Net effect of dilutive stock options, warrants, restricted stock and convertible debt

     1,367,168         1,730,939         1,622,522   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average common shares outstanding

     176,338,953         169,078,845         147,809,504   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 0.87       $ 0.81       $ 0.81   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 0.86       $ 0.80       $ 0.80