XML 37 R22.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Common Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share  
Earnings Per Share

Note 14—Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(Dollars and shares in thousands, except for per share amounts)

 

 

2016

 

2015

 

2014

 

Basic earnings per common share:

 

    

 

    

    

 

    

    

 

    

 

Net income

 

 

$
101,282

 

$
99,473

 

$
74,364

 

Weighted-average basic common shares

 

 

 
23,998

 

 
23,966

 

 
23,897

 

Basic earnings per common share

 

 

$
4.22

 

$
4.15

 

$
3.11

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

$
101,282

 

$
99,473

 

$
74,364

 

Weighted-average basic common shares

 

 

 
23,998

 

 
23,966

 

 
23,897

 

Effect of dilutive securities

 

 

 
221

 

 
258

 

 
257

 

Weighted-average dilutive shares

 

 

 
24,219

 

 
24,224

 

 
24,154

 

Diluted earnings per common share

 

 

$
4.18

 

$
4.11

 

$
3.08

 

 

The calculation of diluted earnings per common share excludes outstanding stock options for which the results would have been antidilutive under the treasury stock method as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(Dollars in thousands)

 

 

2016

 

2015

 

2014

 

Number of shares

 

    

 

 

 

 
69,572

    

 

 

    

 
47,865

    

 

 

 

 
22,497

 

Range of exercise prices

 

 

$
61.42

to

$
69.48

 

$
61.42

to

$
66.32

 

$
61.49

to

$
66.32