Basic

Net earnings

$

12,661

$

23,111

Deduct preferred stock dividends paid

6

Undistributed net earnings

12,655

23,105

Earnings attributable to participating preferred shareholders

15

25

Earnings attributable to common shareholders

$

12,640

$

23,080

Weighted average common shares outstanding

6,962

7,596

Basic earnings per common share

$

1.82

$

3.04

Diluted

Earnings attributable to common shareholders

$

12,640

$

23,080

Add dividends on convertible preferred stock

5

Earnings attributable to common stock on a diluted basis

$

12,645

$

23,085

Weighted average common shares outstanding - basic

6,962

7,596

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

7,029

7,663

Diluted earnings per common share

$

1.80

$

3.01