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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2017
EARNINGS PER SHARE  
Reconciliation of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 2017

 

March 31, 2016

 

 

    

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

51,820

 

$

51,820

 

$

43,863

 

$

43,863

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,355

 

 

62,355

 

 

62,722

 

 

62,722

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,827

 

 

 

 

2,299

 

 

 

Restricted stock

 

 

52

 

 

 

 

42

 

 

 

Total average equivalent shares

 

 

64,234

 

 

62,355

 

 

65,063

 

 

62,722

 

Net income per share

 

$

0.81

 

$

0.83

 

$

0.67

 

$

0.70