XML 61 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2018 and 2017 (in thousands, except per share data):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

 

$

87,287

 

 

$

52,811

 

 

$

176,048

 

 

$

118,323

 

Preferred dividends

 

 

2,344

 

 

 

2,344

 

 

 

4,688

 

 

 

4,688

 

Net income available to common shareholders

 

$

84,943

 

 

$

50,467

 

 

$

171,360

 

 

$

113,635

 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

71,692

 

 

 

68,556

 

 

 

71,843

 

 

 

68,471

 

Dilutive effect of stock options and units (1)

 

 

9,607

 

 

 

11,465

 

 

 

9,705

 

 

 

11,920

 

Average shares used in diluted computation

 

 

81,299

 

 

 

80,021

 

 

 

81,548

 

 

 

80,391

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.18

 

 

$

0.74

 

 

$

2.39

 

 

$

1.66

 

Diluted

 

$

1.04

 

 

$

0.63

 

 

$

2.10

 

 

$

1.41

 

 

(1)

Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.