Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

The reconciliation of the numerator and denominator of basic earnings per share with that of diluted earnings per share is presented as follows:


	Three Months Ended				Six Months Ended
	June 30				June 30
	2018		2017		2018		2017
Distributed earnings allocated to common stock	$	35,516	$	34,562	$	71,195	$	61,284
Undistributed earnings allocated to common stock		30,637		2,440		56,557		14,454

Net earnings allocated to common shareholders	$	66,153	$	37,002	$	127,752	$	75,738

Average common shares outstanding		104,682,910		99,197,807		104,770,681		90,100,627
Equivalents from stock options		269,878		422,238		287,333		469,662

Average diluted shares outstanding		104,952,788		99,620,045		105,058,014		90,570,289

Earnings per basic common share	$	0.63	$	0.37	$	1.22	$	0.84
Earnings per diluted common share	$	0.63	$	0.37	$	1.22	$	0.84