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Earnings (Loss) per Common Share (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings (Loss) per Common Share  
Schedule of the computation of basic and diluted earnings (loss) per common share

The following table presents the computation of basic and diluted earnings (loss) per common share (in thousands, except per share data).

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Income (loss) applicable to Hilltop common stockholders

 

$

31,831

 

$

(4,048

)

$

85,144

 

$

(14,414

)

Less: income applicable to participating shares

 

(176

)

—

 

(472

)

—

 

Net earnings (loss) available to Hilltop common stockholders

 

$

31,655

 

$

(4,048

)

$

84,672

 

$

(14,414

)

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

83,493

 

56,363

 

83,490

 

56,408

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share

 

$

0.38

 

$

(0.07

)

$

1.01

 

$

(0.26

)

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Income (loss) applicable to Hilltop common stockholders

 

$

31,831

 

$

(4,048

)

$

85,144

 

$

(14,414

)

Add: interest expense on senior exchangeable notes (net of tax)

 

1,053

 

—

 

3,158

 

—

 

Net earnings (loss) available to Hilltop common stockholders

 

$

32,884

 

$

(4,048

)

$

88,302

 

$

(14,414

)

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

83,493

 

56,363

 

83,490

 

56,408

 

Effect of potentially dilutive securities

 

6,967

 

—

 

6,761

 

—

 

Weighted average shares outstanding - diluted

 

90,460

 

56,363

 

90,251

 

56,408

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share

 

$

0.36

 

$

(0.07

)

$

0.98

 

$

(0.26

)