Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

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.



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Net income	$	66,470	$	59,663	$	127,658	$	114,851
Less: Preferred stock dividends	2,015		2,688		4,031		2,688
Net income available to common shareholders	64,455		56,975		123,627		112,163
Less: Earnings allocated to participating securities	246		209		472		407
Net earnings allocated to common stock	$	64,209	$	56,766	$	123,155	$	111,756

Distributed earnings allocated to common stock	$	32,050	$	30,058	$	62,421	$	58,733
Undistributed earnings allocated to common stock	32,159		26,708		60,734		53,023
Net earnings allocated to common stock	$	64,209	$	56,766	$	123,155	$	111,756

Weighted-average shares outstanding for basic earnings per common share	61,551,473		60,010,527		61,128,725		60,299,939
Dilutive effect of stock compensation	915,083		664,597		902,024		628,961
Weighted-average shares outstanding for diluted earnings per common share	62,466,556		60,675,124		62,030,749		60,928,900