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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

    

September 30, 2016

 

September 30, 2015

 

 

 

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

53,098

 

$

53,098

 

$

53,247

 

$

53,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,858

 

 

62,858

 

 

62,886

 

 

62,886

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,791

 

 

 

 

1,544

 

 

 

Restricted stock

 

 

41

 

 

 

 

24

 

 

 

Total average equivalent shares

 

 

64,690

 

 

62,858

 

 

64,454

 

 

62,886

 

Net income per share

 

$

0.82

 

$

0.84

 

$

0.83

 

$

0.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30, 2016

 

September 30, 2015

 

 

    

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

156,009

 

$

156,009

 

$

155,957

 

$

155,957

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,878

 

 

62,878

 

 

62,627

 

 

62,627

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,059

 

 

 

 

1,947

 

 

 

Restricted stock

 

 

52

 

 

 

 

35

 

 

 

Total average equivalent shares

 

 

64,989

 

 

62,878

 

 

64,609

 

 

62,627

 

Net income per share

 

$

2.40

 

$

2.48

 

$

2.41

 

$

2.49