Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 18. Earnings Per Share

Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents.

A summary of the information used in the computation of earnings per common share follows (in thousands, except per share data):

	Years Ended December 31,
	2011		2010		2009
Numerator:
Net income to common shareholders	$	76,759	$	52,206	$	74,775
Net income allocated to participating securities — basic and diluted		866		320		247
Net income allocated to common shareholders—basic and diluted	$	75,893	$	51,886	$	74,528
Denominator:
Weighted-average common shares—basic		65,590		36,876		32,747
Dilutive potential common shares		480		178		187
Weighted average common shares—diluted		66,070		37,054		32,934
Earnings per common share:
Basic	$	1.16	$	1.41	$	2.28
Diluted	$	1.15	$	1.40	$	2.26

Potential common shares consist of employee and director stock options. These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be anti-dilutive, i.e., increase earnings per share or reduce a loss per share. Weighted-average anti-dilutive potential common shares totalled 680,611, for the twelve months ended December 31, 2011. There were no anti-dilutive potential common shares in 2010 or 2009.