EX-11 2 c853-20161231xex11.htm EX-11 Exhibit 11



 

 

 

 

 

EXHIBIT 11



 

 

 

 

 

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS



 

 

 

 

 



Year Ended December 31,



2016

 

2015

 

2014

Basic Earnings per Share

(In thousands, except per share amounts)

Average common shares outstanding

94,219 

 

95,825 

 

95,973 



 

 

 

 

 

Income available to common shareholders

$132,728 

 

$127,491 

 

$116,750 



 

 

 

 

 

Basic earnings per share

$1.41 

 

$1.33 

 

$1.22 



 

 

 

 

 



 

 

 

 

 

Diluted Earnings per Share

 

 

 

 

 

Average common shares outstanding

94,219 

 

95,825 

 

95,973 

Effect of dilutive shares

236 

 

299 

 

329 



 

 

 

 

 

Average diluted shares outstanding

94,455 

 

96,124 

 

96,302 



 

 

 

 

 

Income available to common shareholders

$132,728 

 

$127,491 

 

$116,750 



 

 

 

 

 

Diluted earnings per share

$1.41 

 

$1.33 

 

$1.21