Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2013

Basic and Diluted Earnings Per Common Share

The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.



	2013		2012		2011
Net Income	$	237,866	$	237,952	$	217,535
Less: Preferred stock dividends	6,719		—		—
Net income available to common shareholders	231,147		237,952		217,535
Less: Earnings allocated to participating securities	850		773		728
Net earnings allocated to common stock	$	230,297	$	237,179	$	216,807

Distributed earnings allocated to common stock	$	119,177	$	116,472	$	111,827
Undistributed earnings allocated to common stock	111,120		120,707		104,980
Net earnings allocated to common stock	$	230,297	$	237,179	$	216,807

Weighted-average shares outstanding for basic earnings per common share	60,350,552		61,298,041		61,101,072
Dilutive effect of stock compensation	765,858		345,341		176,697
Weighted-average shares outstanding for diluted earnings per common share	61,116,410		61,643,382		61,277,769