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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share for the periods indicated.

 

     For the Years Ended December 31  
(In thousands, except per share data)    2014      2013      2012  

Income available to common shareholders

   $ 105,450       $ 65,103       $ 76,395   

Earnings to unvested restricted stock

     (1,652      (1,206      (1,443
  

 

 

    

 

 

    

 

 

 

Earnings to common shareholders - basic

  103,798      63,897      74,952   

Earnings reallocated to unvested restricted stock

  (33   (3   6   
  

 

 

    

 

 

    

 

 

 

Earnings to common shareholders - diluted

$ 103,765    $ 63,894    $ 74,958   

Weighted average shares outstanding - basic

  31,307      29,052      28,901   

Potential common shares

  126      53      57   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding - diluted

  31,433      29,105      28,958   

Weighted average shares outstanding - unvested restricted stock

  518      553      553   

Earnings per common share - basic

$ 3.32    $ 2.20    $ 2.59   

Earnings per common share - diluted

  3.30      2.20      2.59   

Earnings per unvested restricted stock share - basic

  3.19      2.18      2.61   

Earnings per unvested restricted stock share - diluted

  3.13      2.18      2.60   
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)    2014      2013      2012  

Distributed earnings to common shareholders

   $ 43,623       $ 39,685       $ 39,349   

Undistributed earnings to common shareholders

     60,175         24,212         35,603   
  

 

 

    

 

 

    

 

 

 

Total earnings to common shareholders

$ 103,798    $ 63,897    $ 74,952   

Distributed earnings to unvested restricted stock

$ 694    $ 749    $ 758   

Undistributed earnings to unvested restricted stock

  958      457      685   
  

 

 

    

 

 

    

 

 

 

Total earnings allocated to unvested restricted stock

$ 1,652    $ 1,206    $ 1,443   

Distributed earnings per common share

$ 1.40    $ 1.37    $ 1.36   

Undistributed earnings per common share

  1.92      0.83      1.23   
  

 

 

    

 

 

    

 

 

 

Total earnings per common share

$ 3.32    $ 2.20    $ 2.59   

Distributed earnings per unvested restricted stock share

$ 1.34    $ 1.35    $ 1.37   

Undistributed earnings per unvested restricted stock share

  1.85      0.83      1.24   
  

 

 

    

 

 

    

 

 

 

Total earnings per unvested restricted stock share

$ 3.19    $ 2.18    $ 2.61