XML 48 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
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 
 March 31,
 
2016
 
2015
Net income
$
68,779

 
$
72,163

Less: Preferred stock dividends
2,016

 
2,016

Net income available to common shareholders
66,763

 
70,147

Less: Earnings allocated to participating securities
235

 
237

Net earnings allocated to common stock
$
66,528

 
$
69,910

 
 
 
 
Distributed earnings allocated to common stock
$
32,822

 
$
32,179

Undistributed earnings allocated to common stock
33,706

 
37,731

Net earnings allocated to common stock
$
66,528

 
$
69,910

 
 
 
 
Weighted-average shares outstanding for basic earnings per common share
61,929,466

 
63,094,391

Dilutive effect of stock compensation
149,728

 
685,043

Weighted-average shares outstanding for diluted earnings per common share
62,079,194

 
63,779,434