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 months ended March 31, 2016 and 2015:



		Three months ended March 31,
(Dollars in thousands)	Income Statement Location	2016			2015
Reclassification adjustment for losses (gains) included in net income	(Losses) gains on investment securities, net	$	746		$	(2,596	)
Related tax (benefit) expense	Income tax expense	(304		)	1,048
Total reclassification adjustment for losses (gains) included in net income, net of tax		$	442		$	(1,548	)

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 months ended March 31, 2016 and 2015:



	Three months ended March 31,
(Dollars and shares in thousands, except per share amounts)	2016		2015
Numerator:
Net income available to common stockholders	$	79,174	$	88,516
Denominator:
Weighted average common shares outstanding-basic	51,646		51,009
Weighted average effect of dilutive securities:
Stock options and ESPP	264		445
Restricted stock units	175		265
Denominator for diluted calculation	52,085		51,719
Earnings per common share:
Basic	$	1.53	$	1.74
Diluted	$	1.52	$	1.71

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation due to the antidilutive effect for the three months ended March 31, 2016 and 2015:



	Three months ended March 31,
(Shares in thousands)	2016	2015
Stock options	351	241
Restricted stock units	14	2
Total	365	243