Stockholders’ Equity and EPS

EPS

Basic EPS is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options and restricted stock units outstanding under our equity incentive plans and our ESPP. Potentially dilutive common shares are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive. The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2013 and 2012:



	Three months ended June 30,				Six months ended June 30,
(Dollars and shares in thousands, except per share amounts)	2013		2012		2013		2012
Numerator:
Net income available to common stockholders	$	48,584	$	47,603	$	89,475	$	82,393
Denominator:
Weighted average common shares outstanding-basic	45,164		44,207		44,985		43,994
Weighted average effect of dilutive securities:
Stock options and ESPP	380		385		384		426
Restricted stock units	140		120		168		153
Denominator for diluted calculation	45,684		44,712		45,537		44,573
Earnings per common share:
Basic	$	1.08	$	1.08	$	1.99	$	1.87
Diluted	$	1.06	$	1.06	$	1.96	$	1.85

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three and six months ended June 30, 2013 and 2012:



	Three months ended June 30,		Six months ended June 30,
(Shares in thousands)	2013	2012	2013	2012
Stock options	635	683	693	574
Restricted stock units	—	189	—	94
Total	635	872	693	668

Accumulated Other Comprehensive Income

The following table summarizes the items reclassified out of accumulated other comprehensive (loss) income into the Consolidated Statements of Income (unaudited) for the three and six months ended June 30, 2013 and 2012:



		Three months ended June 30,						Six months ended June 30,
(Dollars in thousands)	Income Statement Location	2013			2012			2013			2012
Reclassification adjustment for gains included in net income	Gains on investment securities, net	$	(775	)	$	(4,567	)	$	(730	)	$	(3,693	)
Related tax expense	Income tax expense	296			1,819			278			1,462
Total reclassification adjustment for gains included in net income, net of tax		$	(479	)	$	(2,748	)	$	(452	)	$	(2,231	)