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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
EARNINGS PER SHARE  
Information related to the calculation of earnings per share

 

 

 

Three months ended

 

 

 

June 30, 2015

 

June 30, 2014

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

57,539 

 

$

57,539 

 

$

53,076 

 

$

53,076 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

62,697 

 

62,697 

 

65,328 

 

65,328 

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

1,550 

 

--

 

2,103 

 

--

 

Restricted stock

 

29 

 

--

 

 

--

 

 

 

 

 

 

 

 

 

 

 

Total average equivalent shares

 

64,276 

 

62,697 

 

67,438 

 

65,328 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.90 

 

$

0.92 

 

$

0.79 

 

$

0.81 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended

 

 

 

June 30, 2015

 

June 30, 2014

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

102,710 

 

$

102,710 

 

$

101,465 

 

$

101,465 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

62,496 

 

62,496 

 

65,397 

 

65,397 

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

2,075 

 

--

 

2,616 

 

--

 

Restricted stock

 

32 

 

--

 

29 

 

--

 

 

 

 

 

 

 

 

 

 

 

Total average equivalent shares

 

64,603 

 

62,496 

 

68,042 

 

65,397 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

1.59 

 

$

1.64 

 

$

1.49 

 

$

1.55