EX-11 5 c853-20141231xex11.htm EX-11 Exhibit 112

 

 

 

 

 

 

EXHIBIT 11

 

 

 

 

 

 

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

 

2013

 

2012

Basic Earnings per Share

(In thousands, except per share amounts)

Average common shares outstanding
95,973 

 
95,048 

 
93,774 

 

 

 

 

 

 

Income available to common shareholders
$
116,750 

 
$
94,115 

 
$
84,295 

 

 

 

 

 

 

Basic earnings per share
$
1.22 

 
$
0.99 

 
$
0.90 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings per Share

 

 

 

 

 

Average common shares outstanding
95,973 

 
95,048 

 
93,774 

Effect of dilutive shares
329 

 
284 

 
90 

 

 

 

 

 

 

Average diluted shares outstanding
96,302 

 
95,332 

 
93,864 

 

 

 

 

 

 

Income available to common shareholders
$
116,750 

 
$
94,115 

 
$
84,295 

 

 

 

 

 

 

Diluted earnings per share
$
1.21 

 
$
0.99 

 
$
0.90