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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2016
EARNINGS PER SHARE  
Reconciliation of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

    

June 30, 2016

 

June 30, 2015

 

 

 

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

59,048

 

$

59,048

 

$

57,539

 

$

57,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

63,053

 

 

63,053

 

 

62,697

 

 

62,697

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,693

 

 

 

 

1,550

 

 

 

Restricted stock

 

 

39

 

 

 

 

29

 

 

 

Total average equivalent shares

 

 

64,785

 

 

63,053

 

 

64,276

 

 

62,697

 

Net income per share

 

$

0.91

 

$

0.94

 

$

0.90

 

$

0.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

June 30, 2016

 

June 30, 2015

 

 

    

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

102,911

 

$

102,911

 

$

102,710

 

$

102,710

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,888

 

 

62,888

 

 

62,496

 

 

62,496

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,128

 

 

 

 

2,075

 

 

 

Restricted stock

 

 

47

 

 

 

 

32

 

 

 

Total average equivalent shares

 

 

65,063

 

 

62,888

 

 

64,603

 

 

62,496

 

Net income per share

 

$

1.58

 

$

1.64

 

$

1.59

 

$

1.64