XML 67 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings per Common Share  
Schedule of basic and diluted EPS

 

 

 

 

For the three months ended
March 31,

 

(in thousands, except per share amounts) (1)

 

2015

 

2014

 

Basic EPS:

 

 

 

 

 

Net income attributable to City National Corporation

 

$
61,566 

 

$
53,830 

 

Less: Dividends on preferred stock

 
4,094 

 
4,094 

 

Net income available to common shareholders

 

$
57,472 

 

$
49,736 

 

Less: Earnings allocated to participating securities

 
529 

 
536 

 

Earnings allocated to common shareholders

 

$
56,943 

 

$
49,200 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
55,422 

 
54,689 

 

 

 

 

 

 

 

Basic earnings per common share

 

$
1.03 

 

$
0.90 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

Earnings allocated to common shareholders (2)

 

$
56,948 

 

$
49,204 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
55,422 

 
54,689 

 

Dilutive effect of equity awards

 
884 

 
740 

 

Weighted-average diluted common shares outstanding

 
56,306 

 
55,429 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$
1.01 

 

$
0.89 

 

 

 

(1)

Certain prior period amounts have been adjusted to reflect the adoption of ASU 2014-01. See Note 1, Summary of Significant Accounting Policies, for further discussion.

(2)

Earnings allocated to common shareholders for basic and diluted EPS may differ under the two-class method as a result of adding common stock equivalents for options to dilutive shares outstanding, which alters the ratio used to allocate earnings to common shareholders and participating securities for the purposes of calculating diluted EPS.