Basic

Net earnings

$

63,318

$

9,231

$

46,200

Deduct preferred stock dividends paid

23

Undistributed net earnings

63,295

9,208

46,177

Earnings attributable to participating preferred shareholders

72

30

178

Earnings attributable to common shareholders

$

63,223

$

9,178

$

45,999

Weighted average common shares outstanding

7,318

7,796

8,707

Basic earnings per common share

$

8.64

$

1.19

$

5.28

Diluted

Earnings attributable to common shareholders

$

63,223

$

9,178

$

45,999

Add dividends on convertible preferred stock

20

Earnings attributable to common stock on a diluted basis

$

63,243

$

9,198

$

46,019

Weighted average common shares outstanding-basic

7,318

7,796

8,707

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

7,385

7,863

8,774

Diluted earnings per common share

$

8.56

$

1.16

$

5.24