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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
EARNINGS PER SHARE  
Reconciliation of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

    

September 30, 2017

 

September 30, 2016

 

 

 

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

53,523

 

$

53,523

 

$

53,098

 

$

53,098

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,592

 

 

62,592

 

 

62,858

 

 

62,858

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,171

 

 

 

 

1,791

 

 

 

Restricted stock

 

 

58

 

 

 

 

41

 

 

 

Total average equivalent shares

 

 

64,821

 

 

62,592

 

 

64,690

 

 

62,858

 

Net income per share

 

$

0.83

 

$

0.86

 

$

0.82

 

$

0.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30, 2017

 

September 30, 2016

 

 

    

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

170,517

 

$

170,517

 

$

156,009

 

$

156,009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,527

 

 

62,527

 

 

62,878

 

 

62,878

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,046

 

 

 

 

2,059

 

 

 

Restricted stock

 

 

53

 

 

 

 

52

 

 

 

Total average equivalent shares

 

 

64,626

 

 

62,527

 

 

64,989

 

 

62,878

 

Net income per share

 

$

2.64

 

$

2.73

 

$

2.40

 

$

2.48