Basic

Net earnings

$

14,659

$

17,675

$

40,623

$

65,565

Deduct preferred stock dividends

11

6

23

17

Undistributed net earnings

14,648

17,669

40,600

65,548

Earnings attributable to participating preferred shareholders

17

21

48

73

Earnings attributable to common shareholders

$

14,631

$

17,648

$

40,552

$

65,475

Weighted average common shares outstanding

6,887

7,131

6,921

7,391

Basic earnings per common share

$

2.12

$

2.47

$

5.86

$

8.86

Diluted

Earnings attributable to common shareholders

$

14,631

$

17,648

$

40,552

$

65,475

Add dividends on convertible preferred stock

5

15

Earnings attributable to common stock on a diluted basis

$

14,636

$

17,653

$

40,567

$

65,490

Weighted average common shares outstanding - basic

6,887

7,131

6,921

7,391

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,954

7,198

6,988

7,458

Diluted earnings per common share

$

2.10

$

2.45

$

5.81

$

8.78