Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

7. 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.

Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2013		2012
Numerator:
Net income to common shareholders	$	48,576	$	18,495
Net income allocated to participating securities—basic and diluted		902		221
Net income allocated to common shareholders—basic and diluted	$	47,674	$	18,274
Denominator:
Weighted-average common shares—basic		84,871		84,741
Dilutive potential common shares		101		701
Weighted average common shares—diluted		84,972		85,442
Earnings per common share:
Basic	$	0.56	$	0.22
Diluted	$	0.56	$	0.21

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 totaled 1,107,790 for the three months ended March 31, 2013 and 973,331 for the three months ended March 31, 2012.