Earnings Per Share

9 Months Ended

Sep. 30, 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				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Numerator:
Net income to common shareholders	$	33,202	$	46,984	$	128,640	$	104,783
Net income allocated to participating securities — basic and diluted		616		281		2,398		844
Net income allocated to common shareholders—basic and diluted	$	32,586	$	46,703	$	126,242	$	103,939
Denominator:
Weighted-average common shares—basic		82,091		84,777		83,404		84,757
Dilutive potential common shares		114		855		92		768
Weighted average common shares—diluted		82,205		85,632		83,496		85,525
Earnings per common share:
Basic	$	0.40	$	0.55	$	1.51	$	1.23
Diluted	$	0.40	$	0.55	$	1.51	$	1.22

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 721,863 and 1,076,894 respectively for the three and nine months ended September 30, 2013 and 1,149,491 and 908,409 respectively for the three and nine months ended September 30, 2012.