Stockholders’ Equity and EPS

Accumulated Other Comprehensive Income

The following table summarizes the items reclassified out of accumulated other comprehensive income into the Consolidated Statements of Income (unaudited) for the three and nine months ended September 30, 2015 and 2014:



		Three months ended September 30,						Nine months ended September 30,
(Dollars in thousands)	Income Statement Location	2015			2014			2015			2014
Reclassification adjustment for (gains) losses included in net income	Gains (losses) on investment securities, net	$	(13	)	$	990		$	(2,750	)	$	17,411
Related tax expense (benefit)	Income tax expense	6			(400		)	1,111			(7,030		)
Total reclassification adjustment for (gains) losses included in net income, net of tax		$	(7	)	$	590		$	(1,639	)	$	10,381

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 nine months ended September 30, 2015 and 2014:



	Three months ended September 30,				Nine months ended September 30,
(Dollars and shares in thousands, except per share amounts)	2015		2014		2015		2014
Numerator:
Net income available to common stockholders (1)	$	81,733	$	63,977	$	256,392	$	205,880
Denominator:
Weighted average common shares outstanding-basic	51,479		50,752		51,254		48,281
Weighted average effect of dilutive securities:
Stock options and ESPP	382		534		411		580
Restricted stock units	187		285		213		339
Denominator for diluted calculation	52,048		51,571		51,878		49,200
Earnings per common share:
Basic (1)	$	1.59	$	1.26	$	5.00	$	4.26
Diluted	$	1.57	$	1.24	$	4.94	$	4.18


(1)	Prior period amounts have been revised to reflect the retrospective application of new accounting guidance adopted in the first quarter of 2015 related to our investments in qualified affordable housing projects (ASU 2014-01). See Note 1— "Basis of Presentation" of the "Notes to Interim Consolidated Financial Statements" under Part I, Item 1 in this report.

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 nine months ended September 30, 2015 and 2014:



	Three months ended September 30,		Nine months ended September 30,
(Shares in thousands)	2015	2014	2015	2014
Stock options	142	241	169	140
Restricted stock units	1	1	—	2
Total	143	242	169	142