XML 62 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share
The following sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2014 and 2013:
 
 
 
2014

2013
Weighted-average number of common shares outstanding:
 
($ in thousands)
 
Basic number of common shares outstanding
 
103,264,616

 
78,432,132

 
Dilutive effect of options
 
1,386,722

 
—

 
Dilutive effect of warrants
 
1,762,242

 
651,543

 
Diluted number of common shares outstanding
 
106,413,580

 
79,083,675

 
 
 
 
 
 
Basic net income per common share:
 
 
 
 
 
Net income
 
$
39,779

 
$
74,430

 
Income allocated to participating shares
 
(252
)
 
(583
)
 
Net income available to common shareholders
 
$
39,527

 
$
73,847

 
 
 
 
 
 
 
Basic net income per common share
 
$
0.38

 
$
0.94

 
 
 
 
 
 
 Diluted net income per common share:
 
 
 
 
 
Net income
 
$
39,779

 
$
74,430

 
Income allocated to participating shares
 
(245
)
 
(578
)
 
Net income available to common shareholders
 
$
39,534

 
$
73,852

 
 
 
 
 
 
 
Diluted net income per common share
 
$
0.37

 
$
0.93



For the three months ended March 31, 2014 and 2013, anti-dilutive options of 2,319,286 and 3,385,264, respectively, were excluded from the computation of diluted earnings per share.