Earnings Per Share

6 Months Ended

Jun. 30, 2014

17. EARNINGS PER SHARE

The reconciliation of the numerator and denominator of basic earnings per share with that of diluted earnings per share is presented as follows:


	Three Months Ended				Six Months Ended
	June 30				June 30
	2014		2013		2014		2013
Distributed earnings allocated to common stock	$	22,124	$	15,586	$	44,160	$	31,163
Undistributed earnings allocated to common stock		11,065		6,598		19,093		12,567

Net earnings allocated to common shareholders	$	33,189	$	22,184	$	63,253	$	43,730

Average common shares outstanding		68,956,123		50,345,733		65,713,854		50,322,783
Equivalents from stock options		197,909		56,461		235,601		59,387

Average diluted shares outstanding		69,154,032		50,402,194		65,949,455		50,382,170

Earnings per basic common share	$	0.48	$	0.44	$	0.96	$	0.87
Earnings per diluted common share	$	0.48	$	0.44	$	0.96	$	0.87

The entire disclosure for earnings per share.