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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
EARNINGS PER SHARE  
Reconciliation of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

    

June 30, 2018

 

June 30, 2017

 

 

 

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

55,775

 

$

55,775

 

$

65,174

 

$

65,174

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,402

 

 

62,402

 

 

62,631

 

 

62,631

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,358

 

 

 

 

2,144

 

 

 

Restricted stock

 

 

90

 

 

 

 

53

 

 

 

Total average equivalent shares

 

 

64,850

 

 

62,402

 

 

64,828

 

 

62,631

 

Net income per share

 

$

0.86

 

$

0.89

 

$

1.01

 

$

1.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

June 30, 2018

 

June 30, 2017

 

 

    

Diluted

    

Basic

    

Diluted

    

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

115,075

 

$

115,075

 

$

116,994

 

$

116,994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock

 

 

62,266

 

 

62,266

 

 

62,494

 

 

62,494

 

Effect of dilutive stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,293

 

 

 

 

1,973

 

 

 

Restricted stock

 

 

81

 

 

 

 

52

 

 

 

Total average equivalent shares

 

 

64,640

 

 

62,266

 

 

64,519

 

 

62,494

 

Net income per share

 

$

1.78

 

$

1.85

 

$

1.81

 

$

1.87