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, 2017 and 2016:



		Three months ended September 30,						Nine months ended September 30,
(Dollars in thousands)	Income Statement Location	2017			2016			2017			2016
Reclassification adjustment for losses (gains) included in net income	Gains on investment securities, net	$	101		$	15		$	(384	)	$	(11,567	)
Related tax (benefit) expense	Income tax expense	(41		)	(6		)	157			4,707
Total reclassification adjustment for losses (gains) included in net income, net of tax		$	60		$	9		$	(227	)	$	(6,860	)

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 issuable for stock options and restricted stock units outstanding under our 2006 Equity Incentive Plan 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, 2017 and 2016:



	Three months ended September 30,				Nine months ended September 30,
(Dollars and shares in thousands, except per share amounts)	2017		2016		2017		2016
Numerator:
Net income available to common stockholders	$	148,620	$	111,081	$	373,296	$	283,219
Denominator:
Weighted average common shares outstanding—basic	52,705		52,046		52,530		51,842
Weighted average effect of dilutive securities:
Stock options and ESPP	343		233		381		245
Restricted stock units	257		134		319		142
Weighted average common shares outstanding—diluted	53,305		52,413		53,230		52,229
Earnings per common share:
Basic	$	2.82	$	2.13	$	7.11	$	5.46
Diluted	$	2.79	$	2.12	$	7.01	$	5.42

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation due to the antidilutive effect for the three and nine months ended September 30, 2017 and 2016:



	Three months ended September 30,		Nine months ended September 30,
(Shares in thousands)	2017	2016	2017	2016
Stock options	112	518	61	444
Restricted stock units	5	120	2	9
Total	117	638	63	453