NOTE 6 – PER SHARE DATA

Basic earnings per share (“EPS”) are calculated using the two-class method. The two-class method provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of basic EPS. Diluted EPS is computed using the weighted-average number of shares determined for the basic EPS computation plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method. Weighted-average antidilutive stock options to purchase approximately 32,400 and 45,000 shares of Company common stock with a weighted average exercise price of $24.47 and $24.71 per share for the three months and nine months ended September 30, 2016 were excluded from diluted shares. There were no antidilutive other equity awards for the three months and nine months ended September 30, 2016. Weighted-average antidilutive stock options to purchase approximately 32,400 of Company common stock with a weighted average exercise price of $25.31 per share for both the three months and nine months ended September 30, 2015 were excluded from diluted shares. There were no antidilutive other equity awards for the three months and nine months ended September 30, 2015. The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown:



		Three months ended September 30,
		2016			2015
		Income	Shares	Per Share	Income	Shares	Per Share
		(Numerator)	(Denominator)	Amount	(Numerator)	(Denominator)	Amount

Basic EPS	(In thousands, except per share amounts)
Income available to common
shareholders		$ 37,817	94,304	$ 0.40	$ 34,343	96,203	$ 0.36
Effect of dilutive share-
based awards		-	260		-	265

Diluted EPS
Income available to common
shareholders plus assumed
exercise of all outstanding
share-based awards		$ 37,817	94,564	$ 0.40	$ 34,343	96,468	$ 0.36



		Nine months ended September 30,
		2016			2015
		Income	Shares	Per Share	Income	Shares	Per Share
		(Numerator)	(Denominator)	Amount	(Numerator)	(Denominator)	Amount

Basic EPS	(In thousands, except per share amounts)
Income available to common
shareholders		$ 95,058	94,378	$ 1.01	$ 106,322	96,396	$ 1.10
Effect of dilutive share-
based awards		-	239		-	308

Diluted EPS
Income available to common
shareholders plus assumed
exercise of all outstanding
share-based awards		$ 95,058	94,617	$ 1.00	$ 106,322	96,704	$ 1.10