XML 102 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Schedule Showing Calculation Of Basic And Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share for the years ended December 31, 2012, 2011, and 2010.

 

     For the Years Ended December 31,  
(Dollars in thousands, except per share data)    2012     2011     2010  

Income available to common shareholders

   $ 76,395      $ 53,538      $ 48,826   

Distributed and undistributed earnings to unvested restricted stock

     (1,443     (988     (981
  

 

 

   

 

 

   

 

 

 

Distributed and undistributed earnings to common shareholders - Basic

     74,952        52,550        47,845   

Undistributed earnings reallocated to unvested restricted stock

     6        21        10   
  

 

 

   

 

 

   

 

 

 

Distributed and undistributed earnings to common shareholders - Diluted

   $ 74,958      $ 52,571      $ 47,855   

Weighted average shares outstanding - Basic (1)

     29,454,084        28,500,420        25,681,266   

Weighted average shares outstanding - Diluted

     28,957,696        28,141,300        25,394,120   

Earnings per common share - Basic

   $ 2.59      $ 1.88      $ 1.90   

Earnings per common share - Diluted

   $ 2.59      $ 1.87      $ 1.88   

Earnings per unvested restricted stock share - Basic

   $ 2.61      $ 2.04      $ 1.97   

Earnings per unvested restricted stock share - Diluted

   $ 2.60      $ 2.00      $ 1.95   

 

(1) Weighted average basic shares outstanding include 552,609, 484,361, and 498,692 shares of unvested restricted stock for the years ended December 31, 2012, 2011, and 2010, respectively.
Schedule Of Basic Earnings Per Common Share

Additional information on the Company’s basic earnings per common share is shown in the following table.

 

     For the Years Ended December 31,  
(Dollars in thousands, except per share data)    2012      2011      2010  

Distributed earnings to common shareholders

   $ 39,349       $ 38,681       $ 35,772   

Undistributed earnings to common shareholders

     35,603         13,869         12,073   
  

 

 

    

 

 

    

 

 

 

Total earnings to common shareholders

   $ 74,952       $ 52,550       $ 47,845   

Distributed earnings to unvested restricted stock

   $ 758       $ 727       $ 733   

Undistributed earnings to unvested restricted stock

     685         261         248   
  

 

 

    

 

 

    

 

 

 

Total earnings allocated to restricted stock

   $ 1,443       $ 988       $ 981   

Distributed earnings per common share

   $ 1.36       $ 1.38       $ 1.42   

Undistributed earnings per common share

     1.23         .50         .48   
  

 

 

    

 

 

    

 

 

 

Total earnings per common share - Basic

   $ 2.59       $ 1.88       $ 1.90   

Distributed earnings per unvested restricted stock share

   $ 1.37       $ 1.50       $ 1.47   

Undistributed earnings per unvested restricted stock share

     1.24         0.54         0.50   
  

 

 

    

 

 

    

 

 

 

Total earnings per unvested restricted stock share - Basic

   $ 2.61       $ 2.04       $ 1.97